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WASHINGTON—Due primarily to an upward revision in recent consumer spending data, Fannie Mae’s Economic and Strategic Research (ESR) Group now forecasts stronger first quarter GDP growth, while also continuing to state that economic momentum is running out of steam, according to its latest monthly commentary.

WASHINGTON—The Financial Stability Oversight Council (FSOC)—of which NCUA is a member--has voted unanimously to issue for public comment a proposed analytic framework for financial stability risks.

WASHINGTON–NCUA has joined with the FDIC, the Federal Reserve and the OCC in issuing a new policy statement on allowances for credit losses (ACLs).

WASHINGTON—After earlier establishing its first Office of Financial Technology, the Office of the Comptroller of the Currency has now selected Prashant Bhardwaj to lead the initiative as deputy comptroller and chief financial technology officer.

LONDON—The United Kingdom’s Financial Conduct Authority (FCA) said it will increase its use of data to better identify which firms are more susceptible to receiving the proceeds of fraud.

PUEBLO, Colo.–Minnequa Works Credit Union has named a new president and CEO.

NEW YORK—With competition in the credit card space as challenging as ever, Citi has announced its AAdvantage Platinum Card is offering a limited time welcome bonus of 75,000 American Airlines AAdvantage miles after cardholders spend $3,500 within the first four months.

LAKE FOREST, Ill.—There are 12 “key” overdraft pricing features that financial institutions must pay attention to, and the ways a bank or credit union uses—or does not use—these features has a big effect on OD revenue, according to one expert.