WASHINGTON —In the wake of the failure two banks, Treasury Secretary Janet L. Yellen came to the defense of the response by the Biden administration, the FDIC and other regulators and their plan for stabilizing the financial system.
Fresh Today
ARLINGTON, Va.—Total retail sales dipped 0.4% in February after a 3.2% surge in January and could be a signal to the Fed it’s time to slow the rate increases.
PALM COAST, Fla.–Credit union members around the country received nearly $260-milion in year-end payouts, bonuses and interest rate refunds for 2022, according to data tracked by CUToday.info.
ST. PETERSBURG, Fla.—Transaction growth rates for credit and debit are slowing, according to PSCU, which adds trends in consumer purchasing are beginning to show early signs suggesting the nation is on a path toward the soft landing the Fed has been working toward.
CHICAGO–According to findings released by TransUnion’s global intelligence network and a specially commissioned consumer survey, the pivot to increasingly digital transactions since the beginning of the pandemic means the overall risk to individuals and organizations is even greater than it was pre-pandemic.
WASHINGTON–CUNA and NAFCU have joined with the Bank Policy Institute, American Bankers Association and the Consumer Bankers Association in calling on the Consumer Financial Protection Bureau to rethink its proposed rules around credit card penalty fees.
MADISON, Wis.–A labor union that represents some employees at CUNA Mutual Group is alleging “retaliation” against a union steward at the company.
WASHINGTON—The Consumer Financial Protection Bureau has released a bulletin warning servicers of their obligation to halt “unlawful” conduct with respect to private student loans that have been discharged by bankruptcy courts.
NASHVILLE – VolCorp has become a corporate sponsor of the Credit Unions for Kids Golf Tournament.
WASHINGTON–A $17 million civil money penalty (CMP) has been assessed Wednesday against the former head of Well Fargo Bank’s community bank for her alleged role in systemic sales practices misconduct—better known as the fake accounts scandal, the regulator of national banks said.