WASHINGTON–An oft-cited statistic in credit unions, that half of all Americans do not have $400 to cover an emergency–has seen a bit of an '"improvement" in new data released by the Fed.
WASHINGTON—The House has passed legislation that would roll back efforts at the CFPB that were implemented under former Acting Director Mick Mulvaney. Prior to the bill's passage, an amendment to reinstate the Bureau's arbitration rule was added.
WASHINGTON–The House has passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which would make it easier for small businesses to band together to offer 401(k) plans and eliminate the maximum contribution age on traditional individual retirement accounts, which is currently 70.5.
WASHINGTON—Members of the Federal Open Market Committee (FOMC) viewed factors such as strength in the labor market, improved consumer confidence and diminished downside risks as "likely to support solid growth over the remainder of the year," according to minutes from the committee's April-May meeting.
NEW YORK—With the refresh of its Blue Cash Preferred credit card, American Express is looking to get into Millennials' wallets, a new report says.
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has announced the results of its board officer elections.
DENVER–CULedger is reporting it has expanded its partnership with enterprise software firm R3 to further support domestic and cross-border payments for credit unions using the Corda blockchain platform.
MADISON, Wis.–The Worldwide Foundation for Credit Unions has released a new video that seeks to highlight international development projects, learning initiatives and disaster relief efforts the World Council for Credit Unions (WOCCU) administers through the global credit union movement.
BALTIMORE, Md.–MECU Credit Union has rolled out a rebranding as part of what the credit union said is an effort to grow membership and increase name recognition in the broader Baltimore market.
WASHINGTON–Four payday lenders have settled a lawsuit they filed against the FDIC alleging it improperly forced them to terminate relationships as part of the Obama Administration’s Operation Choke Point.