NEW YORK—A new study shows that more than one-third of consumers between the age 18-54 own cryptocurrency, with people ages 18-34 most likely to own it (37%), followed by those age 35-54 (33%).
Fresh Today
DEARBORN, Mich.—The $6.4-billion DFCU Financial here has agreed to buy $689-million First Citrus Bank, based in Tampa, Fla., the credit union announced.
WASHINGTON–The pace of inflation slowed during April for the first time since August, but CU economists expect price increases will continue.
WASHINGTON—The issue of overdraft fees raised its head in yet another Senate hearing, as did questions around cybersecurity risks to credit unions.
NEW YORK—Total household debt in the first quarter of 2022 rose by $266 billion (1.7%) to $15.84 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data’s newly issued Quarterly Report on Household Debt and Credit.
WASHINGTON—Credit union loans outstanding increased 1.6% in March, compared to a 1.1% increase in February of 2022 and a 0.1% increase in March of 2021, according to CUNA’s latest Monthly Credit Union Estimates.
ST. PETERSBURG, Fla.–PSCU said it hascompleted the acquisition of Juniper Payments, LLC from PITECO S.p.A. and its two principal owners, who will continue with the company under PSCU.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
WASHINGTON—A debt relief payment processor and its owners are to pay more than $11 million in fines and redress to consumers following a settlement with the CFPB.
TULSA, Okla. – TTCU Federal Credit Union has expanded its partnership with Co-op Solutions with a new agreement for full-service credit processing and related products and services within the Co-op payments ecosystem.