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WASHINGTON—After rebounding at a 2.6% annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to turn negative again in the fourth quarter as the temporary boost from international trade moderates, according to the November 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

MADISON, Wis. – Forty-eight more people have graduated from the National Credit Union Foundation’s Development Education (DE) program. The fourth and final cohort of 2022 marked the end of the DE program’s 40^th year, the Foundation said.

WASHINGTON–Four Democratic members of the Senate Banking Committee are calling on regulators to review SoFi’s cryptocurrency trading activity, suggesting the company’s "digital asset activities pose significant risks to both individual investors and safety and soundness,” especially since it also operates as a bank holding company.

IRVINE, Calif.–CU Direct has announced it will rebrand the company as Origence, saying the change reflects its vision to create the “ultimate origination experience and help credit unions win in a digital-first world.”

WASHINGTON–The Merchants Payments Coalition has unveiled a new TV commercial that targets Visa’s sponsorship of the FIFA World Cup even as the company refuses to “allow competition over billions of dollars in swipe fees that drive up prices for consumers,” according to the organization.

NEW YORK—Launched just in time for Black Friday deals, a new U.S. Bank Shopper Cash Rewards Card is now offering up to 6% cash back on up to $1,500 in combined purchases at two major retailers every quarter.

VENTURA COUNTY, Calif. — Ventura County Credit Union has named John Cooke vice president of consumer and mortgage lending.