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WASHINGTON – A “staggering decline” in retail sales during December needs to “grab the attention” of policymakers according to one economist’s view. The data show retail sales plunged 1.2% in December even though many economists had projected a 0.2%.

WASHINGTON–Following a national report highlighting large travel and entertainment expenses by the NCUA chairman, both nominees for the NCUA board were asked by chairman of the Senate Banking Committee for their position on NCUA board expenses.of the Senate Banking Committee for their position on NCUA board expenses.

WASHINGTON—The Trump administration’s nominee to oversee the Federal Housing Finance Authority said he is committed to preserving the 30-year mortgage­–a product he has criticized in the past–during a Senate confirmation hearing at which he faced tough questions and scrutiny primarily from Democratic members of the committee.

SAN DIEGO– Xress Data, Inc., a provider of production and delivery of credit union notices, statements, and other event-driven member correspondence, said it has opened a new facility in Charlotte, N.C.