News
Consumer Confidence Defies Inflation, Global Uncertainty
1+ hour, 20+ min ago (786+ words) CHICAGO'Americans are heading into the second half of 2026 with a surprisingly positive outlook on their finances, even as inflation pressures, affordability concerns and global instability continue to weigh on household budgets, according to new research from Trans Union. The company's…...
One Credit Union Lending Category Is Surging While Auto Loans Keep Sliding
2+ day, 21+ hour ago (1028+ words) MADISON, Wis. --Credit unions are poised for stronger growth through the remainder of 2026 as improving earnings, rising capital levels and healthier liquidity position the industry to expand lending despite lingering concerns about consumer credit quality and a slowing economy, according…...
Mortgage Rates Tick Up, Remain Below Year-Ago Levels
3+ day, 41+ min ago (178+ words) CU Today MCLEAN, Va. The average rate on a 30-year fixed-rate mortgage edged higher this week but remained well below year-ago levels, according to Freddie Mac Freddie Mac reported that the 30-year fixed-rate mortgage averaged 6. 52% for the week ending June…...
Less Than Half of Americans Say They're Better Off Than Their Parents, Tru Stage Finds
5+ day, 1+ hour ago (270+ words) MADISON, Wis. Fewer than half of Americans believe they are better off financially than their parents, according to the Tru Stage 2026 What Matters Now Study, which found growing concerns about the cost of living, retirement security and the changing nature…...
Credit Outlook Improves, But Consumer Lending Concerns Persist, ABA Reports
5+ day, 18+ hour ago (344+ words) CUToday WASHINGTON " While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds and the economy handles external shocks, they are expected to remain stable according to the American Bankers Association's…...
U. S. Job Growth Crushes Forecasts, Complicating Fed Rate-Cut Outlook
1+ week, 2+ day ago (228+ words) CUToday labor market delivered a stronger-than-expected performance in May, adding 172, 000 nonfarm jobs while the unemployment rate held steady at 4. 3%, according to the Employment Situation report from the Bureau of Labor Statistics released Friday Dawit Kebede The payroll gain was more…...
Fed's Schmid Raises Possibility Of Rate Hikes As Inflation Persists / Fresh Today / CUToday. info - CU Today
1+ week, 2+ day ago (223+ words) Fed's Schmid Raises Possibility Of Rate Hikes As Inflation Persists CUToday TOPEKA, Kans. --Kansas City Federal Reserve President Jeffrey Schmid suggested Thursday that the Federal Reserve's next policy debate may center on whether to keep interest rates steady or raise…...
Ahead Of Prudential Regulators Hearing, ACU Presses Congress On Interchange, Capital Relief And Payments Policy / Fresh Today / CUToday. info - CU Today
1+ week, 3+ day ago (255+ words) Ahead Of Prudential Regulators Hearing, ACU Presses Congress On Interchange, Capital Relief And Payments Policy CUToday WASHINGTON--With NCUA Chairman Kyle Hauptman set to appear before the House Financial Services Committee Thursday, America's Credit Unions submitted comments to the committee…...
Mortgage Applications Decrease In Latest MBA Weekly Survey
1+ week, 4+ day ago (383+ words) WASHINGTON'Mortgage applications decreased 2. 5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 29. This week's results include an adjustment for the Memorial Day holiday. "The 30-year fixed rate…...
Former Fed Chair Powell Warns Political Interference Could Undermine Central Bank Credibility
1+ week, 5+ day ago (254+ words) CUToday BOSTON'Former Federal Reserve Chair Jerome Powell warned that political interference in monetary policy could permanently damage public confidence in the central bank, describing the institution as undergoing a significant "stress test," according to The Guardian Jerome Powell Speaking Sunday…...