WASHINGTON — Credit card use in the U.S. continued to expand in 2024, but the growth has become increasingly concentrated among higher-income, higher-credit-score consumers, according to the Consumer Financial Protection Bureau’s latest biennial review of the credit card market.
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CHICAGO — America’s Credit Unions is awaiting a decision from U.S. District Judge Virginia Kendall that could determine not only the fate of Illinois’ interchange fee law, but also how aggressively other states pursue similar measures.
WASHINGTON — Congress returned to Washington today to begin the second session of the 119th Congress, with lawmakers facing a Jan. 30 deadline to fund the federal government and avert a partial shutdown.
WASHINGTON--The Defense Credit Union Council's 2025 Conference with a Purpose raised $60,000 for Fisher House Foundation, marking the largest fundraising total in DCUC conference history, the trade group announced.
WASHINGTON — The American Bankers Association is urging federal bank regulators to sharply narrow when banks can be cited for “unsafe or unsound practices,” warning that vague standards risk inconsistent enforcement and unnecessary supervisory pressure on institutions.
MADISON, Wis.—Credit unions around the world are turning to alternative forms of identification to bring millions of unbanked consumers into the financial system, according to a new white paper released by World Council of Credit Unions’ International Advocacy.
DOVER, Del.--The 2025 Banking Tech Award for the Best Solutions Provider in WealthTech has been awarded to InvestiFi, recognizing its innovative platform, which enables bank and credit union members to invest in stocks, ETFs and crypto directly from checking with the addition of financial education tools, the company said.
WASHINGTON--DCUC has reached out to the Independent Community Bankers of America (ICBA) to explore opportunities for collaboration in support of shared community-focused priorities, the CU trade group announced.
WASHINGTON--Credit union loans outstanding increased 0.24% in October, compared with a 0.54% increase in September and a -0.01% decrease in October of 2024, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
FALCON HEIGHTS, Minn. —The $4.5-billion Blaze Credit Union here has begun notifying members that their personal information may have been exposed in a third-party data breach at technology provider Marquis Software Solutions, the credit union said in a notice posted on its website.