NEW DELHI, India—India is on course to maintain its position as the top recipient of remittances, with migrant workers on track to send home a record amount of money this year, a new report shows.
Fresh Today
CHICAGO–A new forecast for 2023 from TransUnion is predicting that after two years of aggressive loan growth, particularly for credit cards and personal loans, and serious delinquency rates that generally remained near pre-pandemic levels, the consumer credit market will experience more pronounced changes.
ST. PETERSBURG, Fla.– In November, consumer purchasing growth for debit finished in the low single digits, while deflating credit card growth rates posted the smallest year-over-year growth rates of 2022, according to the December edition of the PSCU Payments Index.
BEAVERCREEK, Ohio–Four more credit unions have announced year-end bonuses and patronage dividends totaling nearly $50 million in total.
GRAND RAPIDS, Mich.–Employees at a branch of Lake Michigan Credit Unionhere are seeking a vote for union representation.
WASHINGTON—The Office of the Comptroller of the Currency is reporting that of the first-lien residential mortgages included in its quarterly mortgage performance report, 97.2% were current and performing at the end of the third quarter, up from 95.6% a year ago.
MADISON, Wis. – The 17 credit unions and three system organizations that currently make up The Lab at Filene will begin testing four concepts in 2023 designed to “grow the bottom line of credit unions and create a deeper impact on credit union members,” according to the organization.
MADAWASKA, Maine.–NorState FCU has named a new president and CEO to succeed the retired Susan G. Whitehead, who held the position for nine years. The $240-million NorState has named Jeffrey Davenport to lead the organization.
ARLINGTON, Va.—Total retail sales declined 0.6% in November after rising 1.3% in October.
SILICON VALLEY, Calif.--Meriwest Credit Union said it has opened its field of membership to members of the Financial Fitness Association (FFA), saying one goal is to raise awareness and promote financial control among the new members.