WASHINGTON—Credit union loans outstanding increased 0.8% in July, compared to a 1.0% increase in June of 2021 and a 0.7% increase in July of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
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WARWICK, R.I.– Wave Federal Credit Union has named a new president and CEO, and made several other senior executive announcements as well.
WASHINGTON–Results from a survey of CERTIFIED FINANCIAL PLANNER professionals has found its members are “overwhelmingly satisfied” with their career choice as a financial planner, and that during the pandemic more than half have increased their contacts with clients.
BASEL, Switzerland—The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank are joining forces to test the use of central bank digital currencies (CBDCs) for international settlements.
MEXICO CITY, Mexico—Remittances sent to Mexico hit a new monthly record of $4.54 billion in July 2021, a 28.6% increase compared to the same month in 2020.
LONDON—Moneyhub, a financial data, intelligence and payments platform, said it has launched a new “Rent Recognition” feature the company said will drive financial inclusion by offering consumers a “newer, simpler and fairer way of building up their credit score.”
SAN FRANCISCO—Shares in Affirm, a fintech that has partnered with Amazon to allow a buy now, pay later option at Amazon’s checkout, have jumped 40%.
WASHINGTON–For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Q3 2021 Mortgage Lender Sentiment Survey (MLSS).
COSTA MESA, Calif.— Credit card customers’ expectations for credit cards are evolving, and a new J.D. Power survey suggests many card issuers are failing to keep up.
ARLINGTON, Va.—Total consumer credit rose 4.7%, at a seasonally-adjusted, annualized rate, in July and is up 5.1% compared to a year ago. Revolving credit, primarily credit cards, rose 6.7% during the month and is up 0.6% compared to July 2020.