General News Archives

Inflation rose to highest level since 1981 in May

Inflation rose to highest level since 1981 in May

On a seasonally-adjusted basis, overall consumer prices rose 1 percent in May, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 8.5 percent over the 12-month period. [...]

ICYMI: Biden vows to ‘bring inflation down’ in new op-ed

ICYMI: Biden vows to ‘bring inflation down’ in new op-ed

President Joe Biden Monday published a Wall Street Journal op-ed outlining a plan to both lower costs for American consumers and tackle looming inflation concerns. Citing a multitude of challenges including the ongoing war between [...]

Updates on Russian sanctions

Updates on Russian sanctions

Recent Executive Orders on Russian Sanctions What’s that you see…why that’s Spain seizing Russian Billionaire Viktor Vekselberg’s yacht, courtesy of global sanctions. Vekeslberg is an individual listed on OFAC’s Specially [...]

NCUA

NCUA issues risk alert on potential Ukraine-related cyberattacks

NCUA issued a Risk Alert (22-RISK-01) on the heighted risk of social engineering and phishing attacks that comes with the conflict in Ukraine. According to NCUA, there are raised concerns over potential cyberattacks in the [...]

NAFCU examines U.S. imposed sanctions against Russia

NAFCU examines U.S. imposed sanctions against Russia

In the latest insight post on NAFCU’s Compliance, Risk, & BSA Network, NAFCU Senior Regulatory Affairs Counsel Kaley Schafer reviews how the imposed sanctions against Russia will impact credit unions. Russia early Thursday morning [...]

New PPP rules, guidance needed before program re-opens

New PPP rules, guidance needed before program re-opens

All rules and guidance for any Paycheck Protection Program (PPP) enhancements be issued and finalized before the program goes into effect, CUNA and other organizations wrote to Treasury and Small Business Administration (SBA) leaders Wednesday. [...]

Trump puts relief negotiations on hold until after election

Trump puts relief negotiations on hold until after election

According to news reports, President Donald Trump has told administration officials to stop working with House Speaker Nancy Pelosi, D-Calif., on another potential coronavirus relief package until after the election. Pelosi and Treasury Secretary Steven [...]

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