ARLINGTON, Va.—Total consumer credit rose 6.5% at a seasonally adjusted, annualized rate in September and is up 7.9% compared to a year ago.
Fresh Today
WASHINGTON—NAFCU has joined with the Defense Credit Union Council (DCUC), the Veterans of Foreign Wars (VFW), and CUNA Mutual Group to request that the NCUA amend the definition of “qualified charity” in part 721.3 of the agency’s regulations to include 501(c)(19) veterans’ organizations.
MINOT, N.D.– Town & Country Credit Union here has named a new president and CEO. The credit union said it has selected Brad Houle to lead the $642-million organization.
MADISON, Wis.– The National Credit Union Foundation is reporting more than $200,000 has been committed to its CUAid disaster relief program in the weeks since Hurricanes Fiona and Ian devastated large parts of Puerto Rico and Florida, respectively.
ST. LOUIS–In a divided America, there is one issue Americans increasingly agree one: 78% say the high rate of inflation has become a crisis, according to a new survey from Clever Real Estate.
TAMPA, Fla.–GTE Financial Credit Union said it is now offering checking accounts to local nonprofit organizations that it said feature fewer fees, more services, and partnership opportunities.
RICHLAND, Wash.–Gesa Credit Union is reporting its High School Credit Union Program has become the first Financial Sector Career Launch to be endorsed program in the state of Washington through Career Connect Washington.
WASHINGTON—The fee schedule for payment services provided by Federal Reserve Banks and used by depository institutions will go into effect Jan. 3, 2023, the Fed has announced
WASHINGTON–With the anticipation underwriting standards will tighten as the economy slows, the Federal Reserve’s November financial stability report has found domestic banks have maintained high levels of liquid assets and stable funding over the last six months.
BRUSSELS–In another indicator of the kinds of changes that may have a bearing on the auto lending market in the U.S. a decade from now, the European Union has reached a deal to effectively ban new combustion-engine cars from 2035.