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MCLEAN, Va.-- The 30-year fixed-rate mortgage moved higher this past week, averaging 6.11%, Freddie Mac reported.

WASHINGTON— The Senate Thursday passed H.R. 6644, the “Housing for the 21st Century Act,” advancing a sweeping housing-affordability package that could eventually create an opening for long-sought credit union priorities—but as approved by the Senate, the bill stops short of including several key provisions the industry had secured in the House, including Central Liquidity Facility modernization and other operational reforms.

MADISON, Wis.-- TruStage is stepping into the fast-moving stablecoin arena with a message to credit unions: participate — or risk watching deposits migrate elsewhere.

TROY, Mich.--Fintechs are continuing to capitalize on a growing “soft switching” trend in financial services, with new J.D. Power data showing consumers increasingly opening secondary checking, savings and investment accounts—and in many cases quietly shifting their primary relationships over time.

WASHINGTON— Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday the Fed, FDIC and Office of the Comptroller of the Currency will soon unveil a broad package of capital-rule changes that would complete the final U.S. phase of Basel III while modestly easing the overall burden on large banks and reducing capital requirements somewhat more for smaller institutions.

WASHINGTON--In search of policy solutions to fight the increasing costs of fraud and scams, America’s Credit Unions’ Fraud Task Force met Thursday for its monthly meeting. The task force recapped Park Community Credit Union General Counsel Kate McKune’s testimony last week for a hearing on financial institutions working to prevent fraud.