MADISON, Wis.– For the first time in credit union history, September 2021 data show share drafts make up a larger percentage of credit union total deposits(20.2%) than share certificates (14.5%), according to CUNA Mutual’s November Trends Report.
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McCLEAN, Va.–Capital One has announced it will eliminate all overdraft fees and nonsufficient funds fees for consumer banking customers starting early 2022.
SCOTTSDALE, Ariz.–NCUA Chairman Todd Harper urged leaders of the country’s state credit union leagues to pay attention to interest rate risk, to help in the fight against appraisal bias and other issues of equity and fairness, and to play a role in helping address a driver of CU consolidation, the lack of succession planning.
CHICAGO– A new analysis from TransUnion has found 17.46% of all global e-commerce transactions between Thanksgiving and Cyber Monday were potentially fraudulent, with numbers slightly higher in the U.S., where 19.66% were suspected fraudulent.
WILLIAMSVILLE, N.Y.–Three more credit unions have announced bonus year-end dividends for their members.
WASHINGTON—Already the most popular method for American consumers to interact with their bank accounts before the COVID-19 pandemic struck, a new survey reveals that since March 2020 the proportion of customers using mobile platforms has jumped 11 percentage points.
WASHINGTON– The Federal Reserve and the CFPB have announced the new dollar thresholds used to determine whether certain consumer credit and lease transactions in 2022 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).
COLUMBUS, Ohio–Pathways Financial Credit Union here said it has signed a multi-year agreement with Lumin Digital, a unit of PSCU, to provide it with a cloud-native platform for online and mobile digital banking solutions.
AUBURN HILLS, Mich. – The $365-million Cornerstone Community Financial Credit Union said theState of Michigan’s Department of Insurance and Financial Services has given it the OK to expand its field-of-membership into both Michigan and Ohio.
MADISON, Wis.— Summit Credit Union said it has made a $2 million donation to launch The Center for Black Excellence and Culture in South Madison.