CUNA Senior Economist Dawit Kebede said the September Consumer Price Index Report shows headline inflation remained unchanged in September, and declining core inflation indicates that prices are moving towards the Federal Reserve's target.
NCUA released its monthly meeting schedule for 2024. All open board meetings will take place at the NCUA’s central office in Alexandria, Va., and livestreamed on NCUA.gov and are scheduled to begin at 10 a.m. ET.
CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger set the record straight regarding a recent article attacking credit union overdraft protections, noting, "credit unions are unquestionably one of the most — if not the most — consumer-friendly participants in the marketplace."
NCUA issued a Letter to Credit Unions on resumption of federal student loan payments. Federal student loan interest resumed Sept. 1, and payments restart in October. As of June 2023, 43.6 million individuals held a combined federal student loan debt of $1.64 trillion.
The CFPB Wednesday issued an advisory opinion that banks and credit unions with more than $10 billion in assets must provide consumers with account information in a timely manner. The guidance is the first issued on section 1034(c) of the Consumer Financial Protection Act.
Proposals to require financial service providers to exclude payment processing fees from the sales tax portion of a card payment would bring higher costs for everyone but the largest merchants, according to CUNA-commissioned research from Cornerstone Advisors released Monday.
The House is in session in Washington, D.C., this week, with the House Republican Conference expected to vote Wednesday for a Speaker of the House. The Senate is in recess. No significant committee hearings or markups are currently scheduled.
CUNA Senior Economist Dawit Kebede said the Labor Department’s September Employment Situation shows strong hiring growth, which may make markets expect more hikes, but wage growth consistent with the Federal Reserve’s inflation target of 2%, improved labor supply should ease this expectation.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.