CARPINTERIA, Calif.–The growth of spending on commercial credit cards outpaced spending on consumer cards during 2018, according to new data.
Fresh Today
LONDON–As credit unions, CUSOs and their vendors continue to invest in biometrics as a means of defeating cyberthieves, one crime here shows just how difficult the challenge can be.
ATLANTA—Equifax has launched a new program that allows consumers to access their credit scores and credit reports for free each month.
CHICAGO–Are direct banks beating traditional financial institutions in winning new consumers? A new survey offers some insights.
SIOUX FALLS, S.D.—Twenty-four percent of consumers would prefer P2P payments for business refunds, as opposed to traditional methods of reimbursements, a new study from MetaBank shows.
WASHINGTON–After years of discussion, the Trump Administration has released its plans for reforming the housing finance system, including a proposal to overhaul Fannie Mae and Freddie Mac, which have been operating under federal conservatorship for more than a decade.
CHARLESTON, S.C.—With a storm surge expected to rival that of Hurricane Hugo two decades ago, Hurricane Dorian has had credit unions in the Carolinas closing offices and preparing for the worst, although most CU offices are expected to be open today.
WASHINGTON–FDIC-insured banks reported aggregate net income of $62.6 billion in the second quarter of 2019, an increase of $2.5 billion (4.1%) from a year earlier, according to data released by the FDIC.
GERMANTOWN, Md.–A CEO who has led a turnaround at one credit union has sent a letter to NCUA Chairman Rodney Hood and the agency’s board saying the agency needs to make internal changes in order to improve its efforts in helping CUs return to the black.
WASHINGTON—The Federal Reserve's Beige Book shows the U.S. expanded at a modest pace throughout August, even in the face of uncertainty related to trade policy and tariffs.