WASHINGTON—Total consumer credit rose 7.9% in February, at a seasonally-adjusted, annualized rate and is unchanged versus a year ago. Revolving credit, which is primarily credit cards, rose 10% during the month but is down 11.2% compared to February 2020.
Fresh Today
SACRAMENTO, Calif.—California lawmakers are backing a bill to create BankCal, a government program that would offer a "zero-fee, zero-penalty" consumer banking option to the state’s residents.
WASHINGTON–NCUA, along with the other federal banking agencies, in consultation with the Financial Crimes Enforcement Network (FinCEN), has issued a joint statement addressing how risk management principles described in the “Supervisory Guidance on Model Risk Management” relate to systems or models used by banks to assist in complying with the requirements of Bank Secrecy Act (BSA) laws and regulations.
BOSTON–A new poll of more than 10,000 small business owners reveals a newfound optimism that expedited vaccine distribution in the U.S. has kick-started the beginning of a recovery for some industries and groups, while others still suffer.
NEW YORK — The financial services industry ranks ninth out of the 10 industries studied in MBLM’s latest Brand Intimacy COVID Study, which analyzes brands based on emotional connections during the pandemic.
WACO, Texas–Long-time Educators CU President/CEO Joe Hutyra has retired and a successor has been named.
OLYMPIA, Wash. – Through a partnership with the BECU Foundation, a state program designed to help small business owners—especially historically-underserved organizations, such as minority-owned and rural businesses and nonprofits—has grown into a statewide initiative.
TAMPA, Fla.–Suncoast Credit Union said it has entered into a joint marketing agreement with Creative Benefits for Educators (CBE) in which it will provide financial guidance and planning, presented through virtual and in-person financial education workshops, seminars and webinars.
DES MOINES, Iowa—Bucking the trend of virtual meetings, Choice Creative Solutions plans to host its inaugural Credit Union Relevent 2021 event June 6-9 in Las Vegas.
MIDDLETOWN, Penn.–Vizo Financial Corporate CU said it will again host its annual hot dog eating contest this year, and will once again do so virtually.