RANCHO CUCAMONGA, Calif. – Following sharp growth across numerous payment categories in March, spending was flat or slightly up in April, according to CO-OP Financial Services data, which also points to spending patterns starting to revert to those seen before the pandemic.
Fresh Today
GRAND RAPIDS, Mich.—The $10.4-billion Lake Michigan Credit Union is buying another bank in Florida, including a subsidiary that does aircraft lending.
WASHINGTON–It isn’t just NCUA and credit unions wrestling with the equity ratio of a deposit insurance fund.
WASHINGTON–A preliminary analysis released by the CFPB of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting indicates lenders with the smaller volumes of loans appear to make more “investment-purpose” loans to higher-income borrowers and non-natural person borrowers than higher-volume lenders.
ARLINGTON, Va.—Total retail sales declined 1.3% in May following April's modest, upwardly revised rise, but are still up significantly over one year earlier. The March number was further upwardly revised to a 11.3% rise.
BRUNSWICK, Ga.–Marshland Credit Union has named a new president and CEO to succeed the retiring Jeff Holcombe.
WINSTON-SALEM, N.C.– After years of study that began prior to the pandemic, Truliant Federal Credit Union said it has developed a plan for offering full-time and flexible work-from-home options for employees when its corporate office reopens later this year.
PORTLAND, Ore.—The $8.2-billion OnPoint Community Credit Union has been named the winner of the 2021 National Youth Savings Challenge.
WASHINGTON– With a new administration in Washington and new leadership at the CFPB, the Bureau has issued an interpretive rule that it said explains the basis for its authority to examine supervised financial institutions for risks to active duty servicemembers and their dependents (i.e. military borrowers) from conduct that violates the Military Lending Act (MLA).
LEHIGH VALLEY, Penn.–First Commonwealth FCU has launched “Work First,” a program it said “brings inclusive access to full-service concierge banking and financial health services directly to the diverse Lehigh Valley workforce, while supporting businesses in enhancing employee engagement and retention.”