NEW YORK—During the coronavirus crisis, 51% of adults with credit card debt—roughly 51 million people—added to their balances, according to a report by CreditCards.com.
Fresh Today
2 Companies, 2 Individuals Found by FTC to Have Offered Expensive, Often Bogus Credit Card ‘Funding’
WASHINGTON—Two Nevada companies and two individuals have agreed to stop charging consumers thousands of dollars to apply for multiple credit cards in their names in order to pay for expensive and often ineffective training programs under a proposed settlement of a Federal Trade Commission lawsuit.
NEW YORK—Chase has unveiled a few updates to its Amazon Prime Rewards Visa Signature Card, including a statement credit-earning opportunity.
SCOTTSDALE, Ariz.–A new report from Cornerstone Advisors on what 2021 holds for the financial services industry has found a “mixed bag,” at least “one pleasant surprise,” and a surprisingly high number of CUs indicating they may be involved in bank acquisitions.
ARLINGTON, Va.–The pessimism among senior leaders at credit unions revealed in a new survey from NAFCU is most likely due to a change in leadership at the CFPB, according to one NAFCU exec.
ST. PETERSBURG, Fla.–The effects of the recent federal stimulus payments continue to be seen in the most recent card spending data released by PSCU.
WASHINGTON—NAFCU is expressing support for proposed rule to remove the current prohibition on federal credit unions' ability to purchase mortgage servicing rights (MSRs) from the investment and deposit activities rule.
SUMTER, S.C.– SAFE Federal Credit Union has announced a bonus dividend and interest rebate to members totaling more than $1.05 million.
ALEXANDRIA, Va.– NCUA Chairman Todd M. Harper has named Catherine Galicia as his chief of staff.
WESTBROOK, Maine–Maine’s credit unions have launched a new ad as part of their statewide awareness campaign.