Financial News

Two weeks ago, 44-year-old Keith Noreika was just another corporate lawyer, advising bank clients on evading regulatory enforcement. Today he runs the Office of the read more

From the 1st to the 45th ----

Some excerpts from this WSJ article At some point, the Federal Reserve's rate increases will trickle down to savers, who have been getting next to nothing on their read more

The rule could change. The department’s web page devoted to the rule also states, “The information contained on these pages may be subject to change read more

New consumer protections requiring financial advisers to put their customers’ interests ahead of their own — at least when handling read more

More optimism: Get ready for the third rate hike in seven months. Federal Reserve officials indicated they may raise rates again in June, according to minutes read more

The Fed has amassed a $4.5 trillion balance sheet since the financial crisis, buying up Treasurys and mortgage-related assets. The purchases amounted to an easier read more

I thought this was an interesting story about USAA Bank which claims to be the first to invent remote deposit capture that allows people to scan or take a picture read more

Minutes of the Federal Reserve's May meeting should remove lingering doubts about the central bank's plans to engineer another interest rate hike at its policy read more

I came across it when I was searching for an update on the vacant Fed positions. We had hopes these positions would soon be filled by hawks who would be more read more

New York's largest credit union by assets, the $6.8 billion Bethpage Federal Credit Union, said Friday it will merge with the $118 million Northwell Health Federal read more

The Calculated Risk Blog provided some excerpts of a Merrill Lynch research piece: Will it be a summer break for the Fed? Here are a few of these excerpts:In our read more

They have been working on it for since 2013 but it finally will be here by 2019. Our insurance is self-insured and one of the trustees worked on getting ours read more

Here are some of the likely winners and losers under the plan:

Now some progressive bankers are building specific offers to refinance time deposit accounts using the same approach found in the DepositAccounts.com website's "Is read more

LEXINGTON, Ky. (AP) — A former Social Security Administration judge has pleaded guilty to taking more than $600,000 in bribes in cases involving clients of a read more

Within this report is an alarming description of how hackers are exploiting direct deposit accounts, racking up more than $800,000,000 in losses.

Here is a post on the CUES blog.  CUES states that they strive to help all credit union leaders achieve their greatest potential to strengthen credit read more

The trailing 12 month CPI-U (non-seasonally adjusted) for April was 2.2%.   Currently, the best 4 year CD @ 2.25% will beat that. Last month, it took one read more

discusses Melrose and other CUs, as well as implications for the National Credit Union Share Insurance Fund

Investors and the Federal Reserve may have grown too comfortable with gradualism - raising interest rates at a pace that is not too fast, not too slow, but just read more

There are two proposals before Congress now that could resolve this issue.  Proposal 1: Increase benefits and taxes Proposal 2: Cut taxes and benefits

Though the official jobless rate dipped even lower, the labor participation rate fell slightly to 62.9 percent last month from 63 percent, a signal that workers who read more

They conclude the result could be $1 trillion in lost revenues over 10 years from shifting income, on top of the $1 trillion direct cost of lowering the read more

Just in case... (I don't pay much attention to this bank, but I vaguely remember stuff about it from time to time)

MILWAUKEE -- A federal agency has shut down every single Guaranty Bank including all 48 in Wisconsin. Ten brick and mortar banks will reopen during business hours read more

No surprise here. 

PONTIAC, MI - Nearly 14 years after a Fenton chief financial officer and ballroom dance studio owner began a scheme of embezzling $19 million from the Clarkston read more

Fed officials have said repeatedly they believe the economy’s sluggish performance so far this year is temporary. The Fed envisions two more rate hikes this year read more

How does it work? When you report identity theft using IdentityTheft.gov, you’ll answer some questions about what happened. IdentityTheft.gov then uses your read more