SAN FRANCISCO—A “very significant” number of Americans are using their credit card rewards to help offset the costs of everyday purchases as rising inflation creates concerns, a new study reveals.
Fresh Today
ARLINGTON, Va.–The National Cooperative Bank (NCB), which provides banking solutions to cooperatives and socially responsible organizations nationwide, has announced a new fee-free correspondent banking program for small community development credit unions, low-income designated credit unions and minority depository institutions nationwide.
MOSCOW—Russia’s Central Bank is not slowing down its efforts toward developing a central bank digital currency (CBDC), planning an official digital ruble rollout in a few years, a new report states.
WASHINGTON–Levels of subordinated debt in credit unions have surged following changes made by NCUA, according to a new analysis.
WASHINGTON—Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to the August 2022 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group.
WASHINGTON—NAFCU and CUNA have each sent letters to the CFPB in response to the Bureau’s request for information on relationship banking and customer service, with CUNA suggesting the CFPB’s move is “legally dubious.”
ONTARIO, Calif.–The California and Nevada Credit Union Leagues has entered into a partnership with Cities for Financial Empowerment Fund (CFE Fund) that encourages credit unions to begin offering Bank On certified deposit accounts.
SNELLVILLE, Ga.–The African American Credit Union Coalition has extended the deadline to register for its DEI Leadership Academy for Financial Professionals.
COLUMBIA, Md. – The MD|DC Credit Union Association has named the winner of its second annual “FinTank” competition.
THOMASVILLE, Ga.–VyStar Credit Union has opened its first branch in Georgia. The new branch is 160 miles northwest of VyStar’s Jacksonville, Fla. headquarters and is located in Thomasville, Georgia.