WASHINGTON—NCUA has joined with the Office of the Comptroller of the Currency, Federal Reserve and the FDIC in issuing separate joint statements encouraging institutions operating in areas affected by two natural disasters, Hurricane Ida and California’s ongoing wildfires, to “meet the financial services needs of their communities.”
THE news
ARLINGTON, Va.–For credit unions headed into their Fall planning sessions for 2022 and beyond, one economist believes it’s pretty safe to assume next year will be much like this year—unless some sort of new COVID variant emerges.
WASHINGTON–A bank trade association said that with the number of credit union purchases of banks passing 100, it is “renewing” its call for “policymakers to examine the loophole contributing to these tax-subsidized acquisitions.”
ARLINGTON, Va.–Like every other market analyst, NAFCU’s chief economist, Curt Long, said he will be among those watching the Federal Reserve’s annual retreat in Jackson Hole, Wyo., later this week for its plans for ongoing asset purchases—and the resulting direction of rates.
WASHINGTON–Minutes released from the Federal Open Markets Committee’s most recent meeting show the central bank is seeking to find a middle ground between tapering bond purchases while providing assistance to an economy still seeking to recover from the coronavirus lockdowns.
MCLEAN, Va.–At a total cost of more than $10 million, Pentagon Federal Credit Union has purchased a business jet, saying it will benefit “members and employees through increased safety and productivity.”
SNELLVILLE, Ga.– The African-American Credit Union Coalition (AACUC) said it will recognize Pablo DeFilippi, Angela Russell and Maurice Smith as Diversity, Equity, and Inclusion (DEI) Trailblazers during a ceremony at its Annual Virtual Conference.
WASHINGTON–Senators Cory Booker (D-NJ) and Elizabeth Warren (D-MA) have reintroduced legislation that seeks to crack down on what they allege are exploitative overdraft fees.
LAWRENCEVILLE, Ga.–Could used car prices finally be headed downhill?
ST. GEORGE, Utah–A new survey confirms Americans continue to overwhelmingly prefer to interact with a human being when contacting customer/member service centers, but also found hold times are three times longer than most people are willing to wait and offered additional insights into what consumers like and strongly dislike when calling.