WASHINGTON—An interagency rule to loosen Volcker rule requirements on big banks has been finalized by the Federal Reserve.
SEATTLE–New research suggests that while the evidence shows teaching financial education at an early age helps people develop stronger money management habits as adults, most parents simply aren’t to talking with their children about money, according to BECU’s Finance and Parents Survey.
WASHINGTON—Bipartisan legislation offered by U.S. Sen. Rob Portman (R-OH) to bolster cybersecurity at the local and federal levels has been passed by the Senate.
ARLINGTON, Va.—Total consumer credit rose 5.2% in August (seasonally adjusted, annualized) and is up 5% versus a year ago.
NEW YORK–Approval rates for small business loan applications rose to another post-recession record (27.9%) at banks of $10 billion or more in assets, but hit a record low during September at credit unions, according to one just-released survey.
ST. LOUIS—At a community banking conference here, Philadelphia Federal Reserve Bank President Patrick Harker said he believes it is "inevitable" that central banks will begin issuing digital currencies.
WASHINGTON—The Treasury Department has proposed a rule intended to smooth the transition away from the London Interbank Offered Rate (LIBOR) by addressing potential tax consequences.
WASHINGTON—The latest back-and-forth between Congress and the Consumer Financial Protection Bureau is further proof that a bipartisan, multi-member commission is needed, CUNA believes.
ALBANY, N.Y.–Alloya Corporate FCU said it is making available below-market liquidity to any credit union offering assistance to striking members of the United Auto Workers union.