News
Two-Thirds Say Affordability Crisis Is Eroding Emergency Savings, Survey Finds
6+ hour, 52+ min ago (257+ words) Two-Thirds Say Affordability Crisis Is Eroding Emergency Savings, Survey Finds'CU Today MIAMI--With household budgets stretched by high prices and lingering debt, many Americans say their financial safety net is fraying.A new 2026 Emergency Savings Survey from personal-finance website WalletHub…...
ACU Urges Fed Not To Abandon Check Services As Volumes Decline
17+ hour, 17+ min ago (227+ words) ACU Urges Fed Not To Abandon Check Services As Volumes Decline'CU Today WASHINGTON--With check volume declining, the Federal Reserve still should not discontinue check services In a comment letter to the Federal Reserve Check Services, America's Credit Unions pointed…...
Financial Strain Hits 12-Month High, Nearly Half Of Americans Classified As Vulnerable
2+ day, 16+ hour ago (299+ words) Financial Strain Hits 12-Month High, Nearly Half Of Americans Classified As Vulnerable'CU Today TROY, Mich.--The share of financially unhealthy consumers in the United States has climbed to a 12-month high, underscoring the continued strain from persistently elevated prices, according…...
U.S. Economy Loses 92,000 Jobs In February As Unemployment Ticks Up To 4.4%
4+ day, 12+ hour ago (235+ words) U.S. Economy Loses 92,000 Jobs In February As Unemployment Ticks Up To 4.4%CU Today labor market unexpectedly weakened in February, with employers cutting 92,000 jobs and the unemployment rate rising to 4.4%, according to the latest report from the .Economists had broadly expected modest…...
ABA Economists See U.S. Economy Growing Through 2027—But Inflation Staying Above Fed Target
4+ day, 14+ hour ago (248+ words) WASHINGTON" Economists advising the American Bankers Association expect the U.S. economy to continue expanding through 2026 and into 2027, though inflation is likely to remain above the Federal Reserve's 2% target, according to the group's latest forecast. The ABA's Economic Advisory Committee"made up…...
In First For Crypto Firm, Kraken Financial Gets Limited Fed Master Account Access
6+ day, 6+ hour ago (389+ words) KANSAS CITY, Mo.The Federal Reserve Bank of Kansas City has granted limited master account access to Kraken Financial, marking the first time a cryptocurrency focused firm has received direct connectivity to the Federal Reserve's payments infrastructure, according to multiple…...
Mortgage Applications Increase In Latest MBA Weekly Survey
6+ day, 10+ hour ago (317+ words) WASHINGTON " Mortgage applications increased 11.0% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 27. The refinance share of mortgage activity increased to 59.8% of total applications from 58.6% the previous…...
Federal Reserve Rolls Out Enterprise AI Platform, Tightens Guardrails
1+ week, 1+ day ago (345+ words) Federal Reserve Rolls Out Enterprise AI Platform, Tightens Guardrails'CU Today BOSTON " Federal Reserve Gov Christopher Waller said Tuesday the central bank is moving aggressively but cautiously to embed artificial intelligence across its operations, arguing that a coordinated, systemwide approach is…...
Warren Urges Treasury, Fed To Rule Out Crypto Bailout Amid Bitcoin’s $2T Plunge
2+ week, 4+ day ago (330+ words) Warren Urges Treasury, Fed To Rule Out Crypto Bailout Amid Bitcoin's $2T Plunge'CU Today WASHINGTON " Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) is pressing Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to pledge that taxpayer funds will…...
Mortgage Applications Decrease In Latest MBA Weekly Survey
3+ week, 6+ day ago (350+ words) WASHINGTON " Mortgage applications decreased 0.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 6. "Borrowers are increasingly utilizing FHA loans as affordability challenges remain, despite recent improvements," added…...