While economists believe it's unlikely the Federal Reserve will choose to raise interest rates during its meeting in June, consensus among analysts appears to be that they will offer no hints about which direction it's leaning at the conclusion of its two-day meeting today.
For the first time since the second quarter of 2012, the share of seriously underwater homes increased in the first quarter, rising 0.4 percentage points from the fourth quarter, according to RealtyTrac's Home Equity and Underwater report.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.