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WASHINGTON–Federal Reserve Chairman Jerome Powell said the Fed is prepared to continue to raise rates higher than many had been forecasting if the economy remains hot and inflation is not tamed.

WASHINGTON—A “major roadblock” exists to constructing affordable housing, but credit unions can offer a solution, NAFCU stated in a letter to the Senate Finance Committee.

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) are reporting they have signed an information sharing agreement that seeks to create a formal partnership to “better protect American families and to address practices that harm workers in the gig economy and other labor markets.

DUNEDIN, Fla.–Achieva Credit Union said it is partnering with QCash Financial to increase its digital lending platform and provide loans to its members in under 60 seconds without requiring a credit score. 

LONDON—The U.K. Treasury is seeking a candidate to direct the government’s strategy for the implementation of a central bank digital currency (CBDC).

WASHINGTON D.C. – The Minnesota Credit Union Network (MnCUN) said four Minnesotans have been inducted into the 2023 Credit Union House Hall of Leaders in Washington.

ALEXANDRIA, Va.—In its role as liquidating agent, NCUA said it is distributing $109.6 million to more than 100 membership and paid in capital shareholders of the former Constitution and U.S. Central corporate credit unions.

LANSING, Mich.–The Michigan Credit Union Foundation (MCUF) has released its 2022 MCUF Impact Report.