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WASHINGTON—The Federal Reserve has released updated hypothetical scenarios to use in 2020 stress test exercises. The scenarios are used by the NCUA for credit union stress tests, and there are some differences worth paying attention to, according to NAFCU Chief Economist and Vice President of Research Curt Long.

WASHINGTON—The Small Business Administration (SBA) has published an interim final rule – along with a request for additional comments – to incorporate express loan program requirements into other business loan program regulations.

WASHINGTON—A new update from the Federal Trade Commission shows that fake check scams led to reported individual median losses of nearly $2,000 in 2019 – losses far higher than on any other of the top 10 scams reported to the FTC, the agency said.

APPLE VALLEY, Minn.— The $5.6-billion Wings Financial CU intends to acquire $216-million Neighborhood National Bank, the CU announced.

WASHINGTON—New data from the Federal Reserve show total consumer credit rose at a seasonally adjusted, annualized rate of 6.3% in December and is up 4.5% from a year ago.

ST. CROIX FALLS, Wis.– Royal Credit Union (Royal) hosted a grand opening and ribbon cutting celebration for a new office here.