NEW YORK– New research examining how bank fees and interest have impacted consumers’ and banks’ bottom lines in the past decade has found that 2011 and 2020, deposit account bank fees outweighed interest by about 1.2 times, but consumers also paid less in bank fees last year than in any other year in the past 10 (although that could be due to the coronavirus).
Fresh Today
ST. PETERSBURG, Fla.–While new data from April show the consumer price index saw its biggest jump in 13 years, credit unions continued to see strong growth in member card usage, according to new analysis released by PSCU.
WASHINGTON—Both CUNA and NAFCU have sent letters to the House Small Business Subcommittee on Economic Growth, Tax and Capital Access seeking to underscores the important role credit unions play in lending to small businesses and underserved communities.
WASHINGTON—CUNA announced the results of its latest board elections.
MILWAUKEE, Wis. – Corporate Central held its 40th annual meeting as part of a co-hosted virtual event with The Wisconsin Credit Union League.
BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said it has partnered with the Illinois Housing Development Authority (IHDA) to provide rental assistance to members and non-members who are unable to pay rent due to the COVID-19 pandemic.
WASHINGTON–Five federal financial regulatory agencies, including NCUA, said they have extended the comment period on the request for information on financial institutions’ use of artificial intelligence (AI) until July 1, 2021.
FAIRFAX, Va.–NextMark Credit Union has turned over operations of its ATM network to Dolphin Debit.
MADISON, Wis. – With a focus that includes employers, the Wisconsin Department of Financial Institutions said it has joined with a broad coalition of Wisconsin organizations statewide to launch the Wisconsin Saves Automatic Saving Initiative, which is designed to encourage millions of Wisconsinites to establish emergency savings accounts through automated saving.
WASHINGTON–The credit union trade groups are looking to preemptively head-off what has become an annual issue in Congress: the insertion of language in the defense spending bill that gives banks equal access to military bases as credit unions.