WASHINGTON–Rapidly changing consumer attitudes make it clear credit unions will need to move even faster in 2022 and beyond when it comes to auto lending and relationships with not just dealers, but manufacturers.
Fresh Today
NEW YORK— Is your credit union planning a big card promotion for 2022? Most consumers look for a minimum of four different features when deciding which credit cards they should sign up for, but some consider as many as six, according to a new study.
LONDON—Will 2022 see the surging interest and appreciation in digital currencies as was seen during 2021? Perhaps, but the Bank of England also has a warning, cautioning consumers that Bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.
NEW YORK—Several factors are contributing to driving the number of ransomware attacks ever higher, a new analysis has found.
NEW YORK—The key to 2022 when it comes to payments can be boiled down to one word, according to one person.
ATLANTA—Buy now, pay later (BNPL) activity will soon be making its way into consumer credit reports.
MANDALUYONG, Philippines—As the global economy is rebounding from the effects of the pandemic, remittances are set to bounce back by $34 billion this year and $31 billion in 2022, according to the Asian Development Bank.
ALEXANDRIA, Va.--NCUA issued one prohibition order in December against a former teller who stole more than $200,000.
PORTSMOUTH, Va.--NCUA has liquidated the $2.2-million Portsmouth Schools Federal Credit Union.
ANTIGO, Wis.–CoVantage Credit Union said it has returned a record $5 million in patronage dividends into the accounts of its members. It marks the largest patronage payment in the history of the $2.6-billion CoVantage CU, and an $800,000 increase over what was provided to borrowers and savers the year before, the CU said.