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WASHINGTON–As expected, the Federal Open Market Committee has voted today to raise interest rates by 25 basis points, setting a target range for the federal funds rate of 1.50% to 1.75%.

COSTA MESA, Calif.–Is it possible to collect debt and improve the member relationship?

SEATTLE–BECU said it will open its first financial center in Sammamish, Wash.

WASHINGTON—CUNA supports NCUA’s proposed rule on involuntary liquidation and claims procedures, it wrote to the agency this week.

MADISON, Wis.—CUES has introduced the CUES Online University, powered by TRC Interactive.

WASHINGTON–The three-judge panel has been set that will hear an appeal by the deputy director of the CFPB that she should be the acting director of the agency instead of the current sitting director.

WASHINGTON—Fintech holds great promise to expand credit, Federal Reserve Vice Chair for Bank Supervision Randal Quarles told a forum on financial services for the underserved this week.

WASHINGTON—With the House and Senate at home for a two-week district work period, both credit union trade associations are backing efforts by credit unions to set up meetings with their representatives and senators in their home districts/states and talk about issues critical to the industry.

NEW YORK—Consumers who bank by phone should be careful. Malicious mobile-banking software aimed at taking over consumer bank accounts has threatened up to 10% of consumer cell phones, security experts are warning.

WASHINGTON—FEMA officials have announced various reforms to the National Flood Insurance Program (NFIP) the agency will pursue this year in an attempt to reduce the program's growing debt.