PURCHASE, N.Y.—Mastercard made waves when the payment services giant recently announced it plans to start allowing cryptocurrencies onto its network. But don’t expect Bitcoin to be part of that, MarketWatch said.
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WASHINGTON–American consumers set a record in 2020 by paying down $82.9 billion in credit card debt, according to WalletHub’s latest Credit Card Debt Study.
JACKSONVILLE, Fla.—Cash purchases fell to historic lows in 2020 as consumers shifted their payment preferences to contactless technologies such as mobile wallets, according to a new report.
PROVIDENCE, R.I..–A Massachusetts man has entered a guilty plea to charges he participated in a wide-ranging conspiracy to defraud financial institutions in several states, including Massachusetts credit unions.
WASHINGTON–The latest round of stimulus checks could begin hitting some members’ accounts this weekend, according to the White House.
ALBANY, N.Y.–The New York State Department of Financial Services has issued an industry letter to all of its regulated entities following the recent discovery of cybersecurity vulnerabilities in Microsoft Exchange Server.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has made several recommendations to NCUA on how it can improve its communications.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices rose 0.4% in February, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 1.7% over the 12-month period.
WASHINGTON—NAFCU is urging NCUA to address appraisal modernization standards by expediting coordination with other agencies.
WASHINGTON—Ahead of a House Appropriations subcommittee oversight hearing on the U.S. Postal Service (USPS), NAFCU reiterated the association's concerns with postal banking and argued credit unions are well positioned to achieve the goals of such proposals.