ARLINGTON, Va.—Total consumer credit rose 2.8% in September (seasonally-adjusted, annualized) and is up 4.9% versus a year ago.
Fresh Today
WASHINGTON—The CFPB’s proposed use of "tech sprints" to encourage innovation and address regulatory compliance challenges would be a benefit to credit unions in the form of modernized and streamlined supervisory processes, NAFCU told the Bureau in a comment letter.
LANSING, Mich.–Superbia Credit Union here will be one of the first issuers to implement Mastercard’s True Name feature for their card offerings, enabling people to use the name they choose on their eligible credit, debit and prepaid cards, without the requirement of a legal name change.
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services is reporting technical integration is now an easier process for credit unions following the launch of its Developer Portal, an Application Program Interface (API) management system that houses CO-OP APIs in a single, digital library.
WASHINGTON—Banks tightened their standards on credit card loans in the third quarter out of concern over a more uncertain economic outlook, according to the latest Federal Reserve survey of senior loan officers.
NEW YORK–Is the algorithm used in approving the new Apple Card biased against women?
MINOT, N.D.–Prairie Federal Credit Union has announced a name change. The $126-million Prairie FCU said it is changing its name to Aspire Credit Union, and also unveiling a new look.
PASADENA, Calif.–In celebration of World Kindness Day today, Wescom Credit Union is once again treating Southern California residents to free coffee.
SAN ANTONIO—Harland Clarke said it is now extending its payment and marketing services offerings to the rapidly growing health/wealth vertical market of Health Savings Accounts (HSAs).
WASHINGTON—NAFCU said it supports the Federal Reserve's decision to move forward with its real-time gross settlement (RTGS) service and is urging the Fed to accelerate its launch and explore improvements to existing settlement capabilities.