WASHINGTON—Concerns over the circumstances of lower-income Americans in responding to the coronavirus-related economic slowdown was a key theme during a Senate Banking Committee hearing here, according to NAFCU.
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CINCINNATI—Lease payments on SUVs began the year showing significant fluctuation, one new analysis shows.
NEW YORK—The pandemic is making consumers better money managers, as savings have increased for many during the health crisis, while overall credit card debt falls, according to a number of new reports.
MANCHESTER, N.H. — St. Mary’s Bank, a long-time supporter of this city’s downtown The Palace Theatre, along with St. Mary’s Bank Charitable Foundation, have committed to a three-year, $180,000 commitment to become the Theatre’s new performing arts series sponsor.
RIVERDALE, Utah–Saying it is seeking to help youth become financially savvy, America First Credit Union is launching FUNDamentals, a customizable, financial literacy program created for kindergarten through 12th grade students and teachers.
SAN FRANCISCO—PayPal is not likely to buy digital currencies like Bitcoin, though the company does see immense opportunity in the digital wallet space, CNBC said.
LONDON—The Independent Anti-Slavery Commissioner has published a joint report saying there is a lack of awareness in the financial services industry in relation to issues of forced labor and exploitation of workers.
SAN FRANCISCO—Wells Fargo is opting to keep its private-label credit card unit after reaching out to potential buyers last year, reported Bloomberg, citing a person with knowledge of the matter.
ALEXANDRIA, Va.— NAFCU said it generally supports the NCUA having express authority to exempt federally-insured credit unions from suspicious activity report (SAR) requirements, however it urges the agency to provide additional information and guidance.
BRIDGEWATER, N.J.–More job openings have been added to CUToday.info’s The Gig, the free job posting board.