NEW YORK—New data from PYMNTS Intelligence shows U.S. consumers pulled back on Black Friday in significant ways, delivering softer in-store traffic and a more restrained approach to holiday spending despite historically aggressive promotions.
Fresh Today
RALEIGH, N.C.—Following substantial backlash and growing frustration from former Local Government FCU members after their June 2 merger into Civic FCU, the $3.5-billion CFCU is now experiencing the financial fallout—posting $75 million in losses over the first nine months of the year and seeing a sharp rise in loan delinquencies, Business North Carolina reported.
ANTIGO, Wis.—CoVantage Credit Union is notifying members of a significant third-party data breach after its marketing vendor, Marquis Software Solutions, reported that unauthorized actors accessed files containing sensitive personal information belonging to an estimated 160,000 CoVantage members, according to Claim Depot.
WASHINGTON—The Consumer Financial Protection Bureau says debt-collection problems remained one of the most significant pain points for Americans in 2024, with more than 207,000 complaints lodged—7% of all CFPB complaints—according to its newly released 2025 FDCPA Annual Report.
ONTARIO, Calif.—California credit unions recently received a blunt warning from federal law enforcement: financial fraud is accelerating, becoming more sophisticated, and increasingly costly for institutions and members.
NEW YORK—FICO and Plaid have introduced a new credit score powered by real-time cash-flow data, PYMNTS reported.
MILWAUKIE, Ore.—Two credit unions on opposite sides of the Rocky Mountains announced leadership changes this week, with Oregonians Credit Union naming a new chief executive and Elevations Credit Union preparing for the retirement of its longtime CEO.
WASHINGTON—With Congress returning to session and just two working weeks left on the calendar, the Defense Credit Union Council is bracing for an intense stretch on Capitol Hill, where the passage of the National Defense Authorization Act (NDAA) remains the top priority.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) is urging credit unions to move into the AI era with eyes wide open, unveiling a new whitepaper—Navigating the Ethical Landscape of Artificial Intelligence in Credit Unions—that offers a practical roadmap for responsible adoption.
WASHINGTON--Credit unions rely on a range of tools to advance their advocacy work, but the most powerful driver of large-scale efforts is the National Advocacy Fund (NAF), noted America's Credit Unions.