ST. LOUIS–New data reveal that nearly half of Americans (46%) are in credit card debt, with the average debt being $6,093.
Fresh Today
BASINGSTOKE, U.K.–A new study from Juniper Research has found the total BaaS (Banking-as-a-Service) platform revenue will exceed $38 billion by 2027; rising from $11 billion in 2022.
BASINGSTOKE, U.K. – The number of virtual card transactions will exceed 121 billion globally by 2027, increasing from 28 billion in 2022, reflecting growth of 340%, according to a new study from Juniper Research.
WASHINGTON—For the first time in two years, more Americans expect home prices to decline rather than rise, according to the Fannie Mae Home Purchase Sentiment Index (HPSI), which decreased 1.2 points in September to 60.8. That marks the seventh consecutive monthly decline amid growing affordability constraints.
RALEIGH, N.C.–One of the best-known and successful partnerships of its kind in U.S. credit unions, that between Local Government FCU and State Employees Credit Union in North Carolina, is about to change, with LGFCU announcing it is “exploring steps” to operate independently of SECU and to directly serve its membership.
ANNAPOLIS, Md.–The MD|DC Credit Union Association and its participating member credit unions are again partnering with the state of Maryland to provide savings to members who shop locally through the annual Shop Maryland and Save for the Holidays campaign.
WASHINGTON–The Credit Card Competition Act, which is strongly opposed by credit unions, has not been included in the National Defense Authorization Act for Fiscal Year 2023 (NDAA) after being advanced by the Senate.
MADISON, Wis.–There are some “interesting developments” in the economic data included in CUNA’s newest Monthly Estimates, according to Mike Schenk.
DUNEDIN, Fla.–Two Florida credit unions have introduced new programs to help survivors of Hurricane Ian, which caused widespread damage in Southwestern Florida, especially in the Fort Myers market.
TUKWILA, Wash.–Numerous credit unions and their employees across the country contributed to their communities during Indigenous People’s Day with a variety of different efforts.