RANCHO CUCAMONGA, Calif.– Consumers have reset their spending behaviors for the new year ahead, according to a forecast from CO-OP Financial Services.
Fresh Today
NEW YORK—Household credit card debt had its largest quarterly increase in at least 22 years in the closing period of 2021, according to Federal Reserve data.
TAMPA, Fla.–Trellance has introduced a new professional staffing service solution it said is designed to helpcredit unions across the country that are struggling to fill key technology and analytics positions.
GRAND BLANC, Mich.– The $1.4 billion Dort Financial Credit Union has named a new president and CEO.
APPLE VALLEY, Minn.–The National Youth Involvement Board has a new name. The organization is now the Credit Union Financial Education Network, or CUFEN.
ALEXANDRIA, Va.–A new regulatory alert from NCUA provides an update on the annual adjustments to asset-size exemption thresholds under the Truth in Lending Act (TILA) in effect for certain types of mortgage activity in 2022.
CHARLOTTE, N.C.–Bank of America is facing a potential class action lawsuit that alleges the bank refused to honor promises to refund overdraft fees to clients who faced financial hardship during the pandemic.
SAN DIEGO–While many if not most have not already done so—and more than once—credit unions need to once again be warning their members about their use of passwords and exposing themselves to online threats, if two new reports are any indicator.
HARRISBURG, Penn.–Pennsylvania State Employees Credit Union said that effective March 1 it is removing non-sufficient funds (NSF) fees for all members. In addition, PSECU said its courtesy pay fee will be cut by 50% to $15 per transaction, from $30.
WASHINGTON–Officials with the Federal Reserve have begun pushing back on the prediction by some that it will raise interest rates prior to its March meeting, and further making it clear that when the Fed does move to raise rates the increase will be smaller than many have been predicting.