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July 8, 2024

The Credit Union industry’s most important updates

Introducing Velera

This week: Congress returns with busy lineup of hearings

Congress is back in Washington, D.C. this week. With several hearings of note taking place, America’s Credit Unions will continue to keep credit union industry priorities top-of-mind with lawmakers. Of note, Federal Reserve Chair Jerome Powell will provide a semiannual monetary policy report to Congress this week, with appearances before the Senate Banking Committee and House …

Comment deadlines approaching for FHLB mission, residential mortgage fees

Regulatory comment deadlines are approaching for several proposals of interest over the next several weeks. America’s Credit Unions is seeking feedback from members on the proposals to help inform the organization’s comment letters. Upcoming deadlines include:

June jobs report shows ‘more moderation’ in labor market

Total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed little at 4.1%, the U.S. Bureau of Labor Statistics reported Friday. “The economy added 206,000 jobs in June but the report showed more moderation in the labor market than previous reports. Job gains in the prior two months were revised down …

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