WASHINGTON (1/28/15, UPDATED 2:25 p.m. ET)--While economists still widely expect the Federal Reserve to hike short-term interest rates this summer, the Federal Open Market Committee's policy statement, released today, gave few hints as to when that first rate hike will actually happen.
A stable law to ensure merchants are appropriately protecting consumers is needed, said Rep. Gus Bilirakis (R-Fla.) in a subcommittee hearing Tuesday on elements of potential data breach legislation.
CUNA is strongly encouraging credit unions to comment by an April 27 deadline on the National Credit Union Administration's second-round risk-based capital proposal.
A new economic analysis shows credit unions delivered $6.8 billion in economic benefits in Washington and Oregon in 2014.
Data security and privacy risks are among the challenges facing the "Internet of Things" and the estimated 25 billion connected electronic devices that send and receive information, according to a report from the Federal Trade Commission.
Rep. Frank Lucas (R-Okla.) expressed reservations about proposed changes in the Federal Home Loan Bank membership requirements during a House Financial Services Committee hearing Tuesday.
The Credit Union Association of the Dakotas is tracking more than 30 bills--including one regarding patent "trolls"--in the North Dakota Legislative Assembly.
CUNA has named policymakers from North Dakota and Florida the winners of the Desjardins Financial Education Award for State Government Policymakers.
U.S. consumer confidence surged in January to its highest level since August 2007.