NEW YORK–New York City’s credit unions are now just one month away from a new law on the use of biometric data.
Fresh Today
DUBLIN–A Social Return on Investment study commissioned by one credit union here has found that for every euro equivalent invested, €10 of social value was created.
NEW YORK—Hefty banking fees are hurting low-income households, especially families of color, according to one new report.
DALLAS–Dave, a banking fintech that takes aim at overdraft fees and in which Mark Cuban is a principal investor, is going public.
NEW YORK–Comcast has announced it will invest $10 million with Inclusiv’s Racial Equity and Resilience Fund as part of an initiative aimed at building equity in credit unions led by and/or serving people of color.
ARLINGTON, Va.—Total consumer credit rose 5.3%, at a seasonally-adjusted, annualized rate, in April and is up 2.4% versus a year ago. Revolving credit, which is primarily credit cards, fell 2.4% during the month and is down 5.5% compared to April 2020.
LAWRENCEVILLE, Ga.— The national shortage of new and used vehicles led to another record value-retention month, according to Black Book.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) remained relatively flat in May, increasing by 1.0 points to 80.0—reflecting greater consumer pessimism in the home buying market, Fannie Mae said.
VIENNA, Va.–For the sixth consecutive year, Navy FCU has held on to the top spot as the credit union community’s leader, ranking No. 1 among multichannel banks/credit unions for customer experience in Forrester’s proprietary 2021 CX Index survey.
RANCHO CUCAMONGA, Calif. – Eighty-eight percent of credit union members are now digitally engaged with their financial services providers, but those providers are not necessarily credit unions and banks, according to new research conducted by EY and commissioned by CO-OP Financial Services.