MADISON, Wis.–While some on Wall Street are backing off forecasts that the Fed will cut rates three times this year—with some even predicting it may not cut rates at all—TruStage Chief Economist Steve Rick said he still expects the Federal Reserve will lower the Fed Funds rate this summer as inflation approaches its 2% inflation target.
VIENNA, Va.–Navy Federal Credit Union has released additional details around its decision to offer private deposit insurance to customers of Community Bank, the overseas bank the credit union is now operating.
WASHINGTON –Some 142 consumer, civil rights, military, legal services, and community groups have submitted comments in “strong support” of the Consumer Financial Protection Bureau’s (CFPB) proposed rule governing the overdraft lending practices of the largest financial institutions.
ROME, N.Y.–With 12 of its branches to be in the “path of totality” during April 8’s solar eclipse, AmeriCU Credit Union has announced a number of related social media giveaways, financial center celebrations, loan discount offers, and new “totality” awesome checking accounts.
AUSTIN, Texas– A new study offers some updated insights into the borrowing habits and credit outlook for Millennials and Gen Zers.
COSTA MESA, Calif.–Digital wallets are now the fastest-growing payment method in the United States, with almost half (48%) of U.S. consumers indicating that they have used a digital wallet in the past 90 days, up 12 percentage points from 2023, according to J.D. Power data.
MINNEAPOLIS–The first Black-led credit union in Minnesota has been granted its charter, the first new state-chartered credit union in the state in 23 years.
ALBUQUERQUE, N.M.–First Financial Credit Union agreed to pay $1.6 million to resolve claims it failed to prevent a 2022 data breach that compromised member information, according to a new report.
EUREKA, Calif.–Following a complaint to state regulators from a person who had sought a seat on its board, Coast Central Credit Union has posted on its website the vote counts from the last two annual elections for its board of directors.
WASHINGTON—With bankers descending on Washington this week for the American Bankers Association’s annual Summit, America’s Credit Unions said it will be ramping up its messaging on Capitol Hill about the “credit union difference.”
