TROY, Mich.—As inflation, higher borrowing costs and mounting household expenses continue squeezing consumers, growing numbers of Americans are turning to personal loans as a financial lifeline—but FIs risk losing ground to faster-moving non-FI competitors that are increasingly winning over financially stressed borrowers, according to the new JD Power 2026 U.S. Consumer Lending Satisfaction Study.
Fresh Today
READING, Pa.—A Pennsylvania credit union helped uncover an alleged fraud scheme involving a stolen $2.2-million U.S. Treasury check after staff flagged an attempt to deposit the payment into a newly opened business account, according to the Reading Eagle.
WASHINGTON—Credit union trade groups are preparing for a busy week of advocacy on Capitol Hill, with hearings on tax policy, financial regulation, data privacy, defense spending and the Department of Homeland Security all expected to draw industry attention.
WASHINGTON—Monday, the Defense Credit Union Council submitted comments to NCUA as part of the agency's annual review of existing regulations, offering recommendations to modernize outdated requirements, improve operational flexibility, and strengthen credit unions' ability to serve members while maintaining safety and soundness.
CHICAGO—America’s Credit Unions said Illinois lawmakers’ decision to delay implementation of the Illinois Interchange Fee Prohibition Act (IFPA) by one year provides critical breathing room for credit unions and other financial institutions while legal challenges to the law continue.
WASHINGTON— America’s Credit Unions Monday announced its latest independent expenditure campaign supporting congressional candidate Ben McAdams (D, UT, District 1).
MADISON, Wis.–World Council of Credit Unions (WOCCU) and Worldwide Foundation for Credit Unions (WFCU) have unveiled the theme for the 78th anniversary of International Credit Union (ICU) Day: “Cooperative Finance: A Steady Signal in a Noisy World.”
PHILADELPHIA—The Philadelphia Court of Common Pleas is launching a Consumer Credit Card Collection Diversion Pilot Program to move rising credit card debt lawsuits through a faster, court-managed process within the city’s mandatory arbitration system. Law360 reported the plan is intended to fast-track credit card collection suits as consumer debt filings have increased.
WASHINGTON--The recent Executive Order promoting mortgage access presents numerous policy opportunities, and America’s Credit Unions joined a letter to the Federal Housing Finance Agency (FHFA) on Friday with appraisal-related recommendations for implementing the order.
CHICAGO—The Illinois General Assembly has given financial institutions a significant reprieve in the ongoing battle over interchange fees, approving legislation that delays implementation of key provisions of the Illinois Interchange Fee Prohibition Act (IFPA) by one year, pushing the effective date to July 1, 2027.