TAMPA--Debit and credit card spending accelerated to its fastest pace in nearly four years during June, led by purchases of goods and essential expenses, according to the latest Velera Payments Index, underscoring the resilience of consumer payments activity even as financial pressures persist.
WASHINGTON— Americans lost an estimated $68 billion to scams in 2025—more than four times the amount reported to federal authorities—suggesting the true cost of fraud is far larger than official statistics indicate, according to a new Gallup study conducted with the Stop Scams Alliance.
RICHMOND, Va.—Capital One N.A. has asked a Virginia federal judge to dismiss a proposed class action accusing the bank of improperly wiping out billions of dollars in earned credit card rewards after closing customers’ accounts, arguing its agreements expressly informed cardholders that it could close accounts at any time, Law360 reported.
KENNEWICK, Wash.--The Endangered Small Credit Union Defense (ESCUD) is urging the Federal Financial Institutions Examination Council to finalize proposed changes to the CAMELS rating system, calling the revisions a practical step toward more proportionate supervision of the nation’s smallest credit unions.
CHICAGO—TransUnion said it has enhanced its mortgage credit reports by adding TruVision Alternative Credit Attributes (ACA 2.0) from its FactorTrust Alternative Lending Database, giving lenders access to alternative credit data designed to supplement traditional credit information and improve underwriting decisions.
MCLEAN, Va.—The average rate on a 30-year fixed mortgage edged higher this week to 6.55%, up from 6.49% a week earlier, while remaining below the 6.75% level recorded a year ago, Freddie Mac reported Thursday.
PITTSBURGH — BlastPoint, the customer intelligence platform that helps credit unions turn data into growth, has announced a live webinar, "The 3 Moves Behind Q1's Fastest-Growing Credit Unions," to be held Thursday, July 23, at 2:00 p.m. ET.
WASHINGTON – The Defense Credit Union Council Thursday sent a letter to Chairman Bryan Steil and Ranking Member Stephen F. Lynch of the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
NEW YORK—JPMorgan Chase CEO Jamie Dimon warned that broad public access to Anthropic's most advanced Mythos-class artificial intelligence models poses significant national security risks, saying the technology is powerful enough that releasing it without proper controls would be akin to giving "ballistic missiles to individuals," Business Insider reported.
WASHINGTON--NCUA recently finalized its rule eliminating reputation risk from its supervisory framework, which takes effect July 27. In its latest Final Rule Summary, America’s Credit Unions examines the rule in detail.
