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ARLINGTON, Va.—Existing home sales fell 3.4% in May to a seasonally adjusted annualized rate of 5.41 million units, representing an 8.9% decrease in sales compared to 2021.

MADISON, Wis.—It’s time credit unions occasionally shut down their branches for an hour and take staff into their communities—including riding the bus—to understand the real-life issues their underserved members are facing.

The latest economic news has Americans getting poorer.

JERSEY CITY, N.J.–Forbes has released its list of Best In-State Banks and Credit Unions, with the publication reporting that just 3.4% of credit unions across the country made the cut for its best-in-state rankings.

WASHINGTON—The Consumer Financial Protection Bureau said it is taking its first step toward addressing credit card company penalty policies, which it said cost consumers $12 billion each year, saying it will start by looking at excessive late fees.

WASHINGTON–Despite last week’s aggressive 75-basis point increase in the Fed funds  rate, Federal Reserve Chairman  Jerome Powell told the Senate the ongoing interest rate hikes will have little effect  on what Americans are paying for groceries and gas.

WASHINGTON—Sharing concerns about potential changes to interchange, NAFCU wrote to the Senate Banking Committee ahead of its hearing to examine the Federal Reserve’s Semiannual Monetary Policy Report to Congress,released earlier this month.

WASHINGTON—Congress should act to close the industrial loan company (ILC) loophole, CUNA wrote in a letter to House Financial Services Committee.

MADISON, Wis.–UW Credit Union plans to open its newest branch in Bay View. The branch will be located at 115 W. Oklahoma Ave. at the southwest corner of W. Oklahoma Ave. and S. Chase Ave.