WASHINGTON—Led by credit cards, total consumer credit rose 10.9%, at a seasonally adjusted, annualized rate, in November and is up 5.8% compared to a year ago. Revolving credit, primarily credit cards, rose 23.3% during the month and is up 5.7% compared to November 2020.
WASHINGTON—One of the strongest proponents in Congress backing legislation that would change federal law and allow financial institutions to serve cannabis businesses legally has announced he will not seek re-election this November.
TAMPA, Fla.–Suncoast Credit Union said it raised $10,000 for its Suncoast Credit Union Foundation to support children in the counties it serves through its “Drive it Forward” car loan promotion.
VIENNA, Va.– Navy Federal Credit Union has begun 2022 by introducing five new credit card rewards, ranging from balance transfer deals to welcome bonuses.
NEW YORK–2022 has begun with a bond rout that pushed longer-term interest rates to new pandemic-era highs.
WASHINGTON— Consumers continued to report substantially divergent views of homebuying and home-selling conditions, according to the Fannie Mae Home Purchase Sentiment Index (HPSI), which decreased 0.5 points to 74.2 in December.
WASHINGTON–NAFCU is expecting a more “active” CFPB now that it’s new director is firmly in the job, and it’s attention is likely to include overdraft fees.
COLORADO—The National Credit Union Foundation has committed up to $15,000 from its CUAid disaster relief program to support Colorado-based credit union employees and volunteers affected by the recent wildfires.
NASHVILLE, Tenn.–VolCorp has paid out a special dividend of $15 million.
ALBANY, N.Y. – The New York Credit Union Foundation said it is implementing two new measures that seek to help small-asset-sized credit unions in the state gain further access to critical resources within the credit union system.
