WASHINGTON--The White House has issued an executive order aimed at cracking down on financial institutions that cut ties with customers over political or ideological beliefs—a move intended to address growing complaints from conservative groups and cryptocurrency firms about alleged financial bias.
Fresh Today
MADISON, Wis.—TruStage President and CEO Terrance Williams opened the company’s Discovery 2025 virtual conference Thursday by celebrating TruStage’s 90-year partnership with credit unions—while setting the tone for a forward-looking agenda focused on innovation, technology, and growth.
MCLEAN, Va.--The 30-year fixed-rate mortgage continued to decrease, averaging 6.63% this week, Freddie Mac reported.
WASHINGTON--What is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, and what does it mean for credit unions?
WASHINGTON--When it comes to engaging with digital assets, credit unions have several key areas of concern – including parity with other financial institutions. America’s Credit Unions shared those concerns with the Senate Banking Committee in response to its recent request for information (RFI) soliciting input from industry leaders and representatives on the digital assets issue.
NEW YORK—Total household debt increased by $185 billion to hit $18.39 trillion in the second quarter, according to the latest Quarterly Report on Household Debt and Credit by the New York Federal Reserve.
PASEDENA, Calif.—In a key decision, the U.S. Court of Appeals for the Ninth Circuit has upheld the dismissal of a putative class action challenging a Navy FCU’s returned-check fee, ruling that the plaintiff’s state law claims are preempted by federal regulation, the Consumer Financial Services Law Monitor reported.
MIAMI—Americans are known for racking up credit-card debt, but just how much is shocking, a new study shows. In 2024, Americans increased their credit card debt by $52 billion. The grand total owed by credit-card holders now is around $1.3 trillion, WalletHub reported.
JACKSON, Miss.—The $740-million Hope Credit Union here has agreed to merge in $33-million 1st Choice Credit Union in Atlanta, Hope CU announced.
WASHINGTON — Mortgage applications increased 3.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 1.