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.
LONDON (1/7/16)--Amazon apparently has eyes on more than just merchandise sales--at least in the United Kingdom--as the online retail giant’s U.K. division recently unveiled a loan product that shoppers can use to finance big purchases such as appliances.
Less than 15 million Americans will file for unemployment insurance this year, the fewest number of filings since the early 1970s and roughly half as many as in 2009, according to The Wall Street Journal.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
Credit unions now have less than six months to come into compliance with FinCEN's Customer Due Diligence rule, effective May 11, 2018, which includes provisions on identifying the beneficial owners of legal entity accounts.