NEW YORK–Wells Fargo has joined Bank of America in becoming the latest to announce it will significantly reduce its overdraft fee.
THE news
NEW YORK–The question for many forecasters in 2022 isn’t whether the Federal Reserve will raise interest rates this year, it’s how often. Now Goldman Sachs has issued an advisory to clients predicting the Fed will raise rates four times as it seeks to respond to high inflation and low unemployment.
NEW YORK–The question for many forecasters in 2022 isn’t whether the Federal Reserve will raise interest rates this year, it’s how often. Now Goldman Sachs has issued an advisory to clients predicting the Fed will raise rates four times as it seeks to respond to high inflation and low unemployment.
WASHINGTON–CUNA has announced that those planning to attend its annual Governmental Affairs Conference, which begins at the end of February, will need to provide proof of vaccination against the coronavirus in order to attend.
TALLAHASSEE, Fla.–Credit unions across the country have taken to Twitter and their websites to announce reductions in branch services as a result of staffing shortages due to COVID-19 infections.
RIVERWOODS, Ill.–A survey that seeks to gauge perceptions of regulatory and risk trends has found a 21-point increase over the same survey conducted one year earlier, as financial institution leaders express anxiety over disruptions caused by the ongoing pandemic as well as growing compliance and reputational risks.
NEW YORK–The growth of home prices in the U.S. slowed for the second straight month in October, an indication that the hot housing market may be starting to cool at least a bit.
WASHINGTON—A top U.S. Treasury official said financial regulators are prepared to extend existing authorities to rein in stablecoins, although Treasury hopes instead Congress will move on key legislation to regulate the space.
WASHINGTON–There is a “growing rift” among members of the FDIC board, according to one new report.
WASHINGTON–The leaders of six different cryptocurrency companies spent five hours before Congress offering their views on both the promise and the perils of cryptocurrency.