In the News
Multi-Million Dollar Credit Card Fraud Operation Uncovered
Sept. 23, 2022 — A massive operation that has reportedly siphoned millions of USD from credit cards since its launch in 2019 has been exposed and is considered responsible for...
Alternative Payment Systems and the National Security Impacts of Their Growth
Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “Under the Radar: Alternative Payment...
Avoiding the Next Financial Crisis: How Does Collateral Quality Affect ‘Repo’ Loan Risk?
Research by Boston Fed economist finds borrowers and lenders incentivized to take more risk September 15, 2022 — In 2010, researcher Mattia Landoni obtained access to data on thousands of...
NCUA Board Meeting Recap
Sept. 22, 2022 — NCUA held it’s first in-person board meeting since the start of the COVID-19 pandemic. The board thanked the NCUA staff for all of their efforts. The...
Senate Committee Hearing: New Consumer Financial Products and the Impacts to Workers
Click on the image above to access a recording of the hearing. THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION, HYBRID FORMAT to conduct a...
Survey of Consumer Expectations: Inflation Expectations Continue Decline at the Short- Medium-, and Long-Term Horizons
September 12, 2022 — The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2022 Survey of Consumer Expectations, which shows that inflation expectations continued...
CALLAHAN GRAPH OF THE WEEK: Liquidity Takes A Dive As Lending Ticks Up
Ongoing growth in home and auto lending means the industry is gradually shedding the high liquidity levels brought on by pandemic relief programs. Courtesy of CALLAHAN & ASSOCIATES | CREDITUNIONS.COM...
NCUA Q2 2022 Summary: Lending, Assets, Insured Shares and Deposits Continue Growth
NCUA Releases Second Quarter Credit Union System Performance Data Sept. 7, 2022 — According to the latest financial performance data released today by the National Credit Union Administration, total loans...
Fed’s Top Banking Regulator Signals Tougher Merger Reviews
Federal Reserve’s Michael Barr highlights priorities in initial public remarks Sept. 7, 2022—The Federal Reserve’s new regulatory chief said Wednesday that the central bank is considering how to more-closely scrutinize...
FBI Report: More Than $1.26B Stolen from Crypto Sector in Q1 2022
Cyber Criminals Increasingly Exploit Vulnerabilities in Decentralized Finance Platforms to Obtain Cryptocurrency, Causing Investors to Lose Money SUMMARY The FBI is warning investors cybercriminals are increasingly exploiting vulnerabilities in decentralized...
American Banker’s Inaugural List of Most Powerful Women in Credit Unions
August 29, 2022 — American Banker’s Most Powerful Women in Credit Unions celebrates the senior executives guiding the future of the credit union industry, while also examining issues of mentorship...
Who Are the Best Credit Unions to Work For in 2022?
August 30, 2022 — The Great Resignation has made it difficult for businesses to retain and attract talent, but the institutions on this year’s Best Credit Unions to Work For...