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GDP growth even weaker than CUNA experts’ forecast

The Bureau of Economic Analysis released it preliminary estimate of first quarter gross domestic product Thursday, and the 0.5% annual growth rate was even weaker than the 1.25% forecast of CUNA’s economists.
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‘More moderate’ outlook forecast by CUNA economists

MADISON, Wis. (4/11/16)--Economists from CUNA updated their forecast for 2016, noting that April’s report reflects a “more moderate” outlook compared with their previous view.
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Fed minutes reveal ‘cautious’ approach to rate hike

WASHINGTON (4/7/16)--Members of the Federal Open Market Committee had mixed responses to the idea of an interest-rate hike at its last meeting, minutes from the March 15-16 meeting revealed.
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Nov. home prices ascend nearly 6% annually

WASHINGTON (1/27/16)--Two indices tracking national home-price appreciation found that U.S. home prices climbed nearly 6% year-over-year in November.
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Hawks likely to outnumber doves this week: FOMC preview

WASHINGTON (1/26/16)--Blizzard conditions in the nation’s capital will not postpone this week’s Federal Open Market Committee meeting, the Federal Reserve announced Monday. Nor will they cool the majority of the committee’s sentiment on the health of the economy.
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‘Know Before You Owe’ backlog pumps up Dec. existing-home sales

WASHINGTON (1/25/16)--Delayed closings pushed back by implementation of the Truth in Lending and Real Estate Settlement Procedures Act integrated disclosure rule drove a surging pace of existing-home sales in December, according to the National Association of Realtors.
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Mortgage rates fall for 3rd straight week: Freddie Mac

WASHINGTON (1/22/16)--Mortgage rates fell for the third straight week this week, slipping to their lowest levels since November, according to Freddie Mac’s weekly mortgage survey.
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Credit card APRs climb, mirror Fed quarter-point rate hike

WASHINGTON (1/21/16)--Average percentage rates on credit card debt jumped 22 basis points in the fourth quarter, according to a recent report from consumer finance website Card Hub.
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Builders erected most homes since ’07 in 2015

WASHINGTON (1/21/16)--Despite a meager end to the year, homebuilders built homes at the fastest pace in eight years in 2015, according to the Commerce Department.
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Dec. default rates 'low and stable:' Experian

WASHINGTON (1/20/16)--U.S. consumer default rates continue to tread in stable waters, as Experian reported this week that its monthly composite default index remained unchanged in December at 0.97%.
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News of the Competition

SAN FRANCISCO (1/20/16)--Wells Fargo is now the third-largest bank in the United States by assets. The San Francisco-based behemoth surpassed Citigroup this year, according to a report from The Wall Street Journal.
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Foundering prices perk up consumer confidence

WASHINGTON (1/19/16)--Bottomed-out oil prices continue to influence consumer activity, as illustrated by three reports released Friday that provide a compressive glimpse into the state of U.S. consumerism.
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At $47.3B, Freddie Mac top multifamily lender in 2015

MCLEAN, Va. (1/15/16)--Freddie Mac led the nation last year in lending for multifamily properties, the entity announced this week.
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This Month Payments: Perils and Promise

Payments: Perils and Promise

The payments arena offers new opportunities to connect with members.
Cards Are (Still) King

Cards Are (Still) King

Credit and debit cards still drive the competitive payments market.
Open Banking on its Way

Open Banking on its Way

Prepare for the impact it will have on member relationships and competitive positioning.
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