Fresh Today

LINCOLN, Neb.–Two state banking groups here have filed suit against the Nebraska Department of Banking and MembersOwn Credit Union over the credit union’s plans to expand its field of membership.

WASHINGTON–A new research paper funded by the American Bankers Association claims credit unions are not just falling short of their mission to serve households of “small means,” but CU members are disproportionately from middle- and upper-income households and credit unions’ lack of “mission compliance” deepens U.S. economic inequality.

WASHINGTON–FDIC-insured commercial banks and savings institutions reported aggregate net income of $60.7 billion in first quarter of 2019, up $4.9 billion (8.7%) from a year earlier. The number of “problem” banks has also hit its lowest point since 2007.

WASHINGTON—Members of the Senate Banking Committee examined how to protect taxpayers while also overhauling the current housing finance system during a hearing to determine whether Fannie Mae and Freddie Mac (GSEs) should be designated as systemically important financial institutions.

WASHINGTON—New home sales decreased 7.8% from April's upwardly-revised 679,000 annualized units. NAFCU Research Assistant Dhruv Singh attributed the plunging figure to the rising impact of tariffs on material costs.