MILWAUKEE, Wis.—Millennials who carry debt report owing an average of $27,900.
Fresh Today
WASHINGTON—The operators of a scheme that conned consumers into paying non-existent debts will be permanently banned from the debt collection business and from misleading consumers about debt, following a settlement with the Federal Trade Commission.
LONDON–As cyber security becomes more complex due to machine learning, AI and blockchain, fraudsters are likely to refocus on low-tech methods when targeting consumers in the future, according to a new analysis.
NEW YORK–The fight between banks and technology companies over the future of finance may be getting a little more “intense,” according to one new analysis.
BOZEMAN, Mont.–A credit union here has helped expand a local mom’s effort at paying off school lunch debts.
NEW YORK – A Brooklyn man has been convicted of operating a series of three securities fraud schemes, including a fraudulent initial coin offering in his new cryptocurrency, Shopin.
MADISON, Wis.–For the first time in seven years, consumer loans grew at a slower pace than other lenders during October, while CUs added a modest 158,000 new members, in October, or 0.13%, slower than the 227,000 new members during October 2018.
ALEXANDRIA, Va.–The slowdown in loan growth can be seen in the latest data released by NCUA, but perhaps the even more significant trend is what is revealed beneath the overall industry trend lines: Overall, almost half of federally insured credit unions had fewer members at the end of the third quarter of 2019 than one year earlier.
ARLINGTON, Va.—Credit unions continue to show stronger loan growth than banks, although the margin is narrowing, according to NAFCU’s third-quarter CU Industry Trends report.
ST. PETERSBURG, Fla. — PSCU is distributing a 2019 fiscal year patronage dividend of $25.9 million, the company announced.