WASHINGTON—U.S. consumers took out more auto and student loans in October, but cut back on credit card borrowing, a sign they remain cautious about spending amid a spike in virus cases, the Associated Press reported, citing Federal Reserve data.
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LAWRENCEVILLE, Ga.—Used car values in November declined at a pace slower than what is typically experienced during that of year, Black Book is reporting.
WASHINGTON—CUNA said it supports a joint interagency proposed rule to codify a 2018 statement that guidance from agencies such as the NCUA does not have the force and effect of law.
CARMEL, Ind.—Allied Solutions has acquired a 50% stake in DFA, a company with more than 20 years’ experience in modeling software for a broad range of forecasting and stress-testing applications.
ROANOKE, Va.–Freedom First FCU said it is partnering with the City of Roanoke to launch a small business relief grant program utilizing Community Development Block Grant - Coronavirus (CDBG-CV) federal funding.
VANCOUVER, Wash.–iQ Credit Union announced its CEO, Kelly Schrader, will be stepping down on Jan. 1 and has named a successor. The $1.4-billion iQ CU has named Eric Petracca to lead the organization.
NEW YORK—A new report reveals 51.1% of consumers who now use mobile banking apps are using them more often than they did before the pandemic’s onset in March.
NEW YORK—Consumers are flocking to buy-now, pay-later offers as online shopping surges in response to the pandemic. One major card company has responded by prohibiting cardholders from paying off those debts with its cards.
TAMPA, Fla.– Suncoast Credit Union said it plans to donate $550,000 to hunger and mental health organizations throughout Florida that have seen increased needs due to the COVID-19 pandemic.
DUBLIN, Ireland – An Garda Síochána, the national police service of Ireland, has identified 659 money mule accounts, six money mule recruiters and prevented the estimated loss of €1.8 million as part of the European Money Mule Action “EMMA 6” worldwide operation against money mule schemes, which ran from September to November.