In the News
Senator’s Report Finds Fraud On Zelle is Surging & Banks are Refusing to Refund Customers; Bank Group Responds
October 4, 2022 — A new report released by Sen. Elizabeth Warren (D-MA) has found reports of scams and fraud on the bank-owned P2P payment network Zelle are surging, but...
NCUA Posts 2023–2024 Proposed Budget, Sets October 19 Public Briefing
Agency Accepting Comments and Budget Briefing Presentation Requests Sept. 29, 2022 — The National Credit Union Administration’s staff draft budget for 2023–2024 is now available on the agency’s website for...
OPINION: Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
Sept. 22, 2022 — As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the air,...
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...