WASHINGTON—After several years of growth, the consumer credit card market reversed course in 2020, according to the Consumer Financial Protection Bureau’s newly released fifth biennial report to Congress.
Fresh Today
MADISON, Wis.—The World Council of Credit Unions is reporting it has worked with its member credit union association in Guatemala to establish the country’s first credit union service organization (CUSO).
MADISON, Wis.– The CUNA Operations & Member Experience Council and CUNA Technology Council has recognized its “best and brightest” via 10 awards presented at during their virtual joint annual conference.
MADISON, Wis.—CUES has announced the naming of the judges for its 2021 CUES Emerge competition.
RANTOUL, Ill.–Credit Union 1 has become the new “official banking partner” of the University of Notre Dame’s athletic department.
SAN JOSE, Calif.—PayPal has officially opened its cryptocurrency offerings in the United Kingdom, enabling U.K. customers to purchase, store, and exchange Bitcoin, Ether, Bitcoin Cash, and Litecoin. Users will be able to buy cryptocurrency for under £1 via the platform.
NEW YORK—A new report reveals that all signs point to a bullish holiday season for retailers, online and off.
NEW YORK—Citigroup and American Express have released statistics on their August delinquencies in credit card payments.
NEW YORK–The former president of a now defunct credit union that specialized in taxi medallion loans who was found guilty of committing one of the largest and long-lasting frauds in credit union history, with allegations including the personal approval of more than $185 million in questionable loans, has been sentenced to 46 months in prison.
WASHINGTON–The American Bankers Association has launched a digital broadside against credit unions called “Reform Credit Unions.”