ARLINGTON, Va.—After falling in May, retail sales rebounded 0.6% in June.
Fresh Today
LEHIGH VALLEY, Penn.–First Commonwealth Federal Credit Union has launched Business First by First Commonwealth FCU, which it said brings an “unmatched level of personalized business solutions and concierge banking to businesses.”
LAKE CHARLES, La.–Two Louisiana credit unions have announced plans to merge.
WASHINGTON–FRB Federal Credit Union has selected a custom education suite of products from CURevl.
NEW YORK–Two senators have expressed concerns a rash of bank mergers and purchases is hurting the average consumer.
CUPERTINO, Calif.–Apple has become the latest to get in on the “buy now, pay later” payments trend.
HAUPPAUGUE, N.Y.–Teachers FCU has introduced “Smart Checking,” a high-yield checking account that it said, “benefits members’ evolving need for financial liquidity.”
SAN FRANCISCO–Online lender Lending Club has agreed to pay $18 million to settle Federal Trade Commission charges that the company deceived consumers about hidden fees that it charged and about whether their loan applications were approved.
FT. WORTH, Texas–American Airlines FCU has asked a federal court to give preliminary approval to its proposal to pay $1.8 million to settle a class-action lawsuit against it over its overdraft practices.
WASHINGTON–Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the coronavirus pandemic, which will lower the cost for borrowing, according to the Federal Housing Finance Agency (FHFA).