ARLINGTON, Va.—Total vehicle sales decreased to a rate of 17.2 million annualized units in June, and NAFCU Chief Economist and Vice President of Research Curt Long said he expects auto sales will remain steady for the remainder of 2019.
Fresh Today
WASHINGTON—The U.S. House of Representatives Committee on Financial Services has published a letter addressed to Facebook’s executives requesting a suspension of activities on Libra, the company’s new cryptocurrency.
ALBANY, N.Y.—Facebook has applied for the New York BitLicense issued by the New York State Department of Financial Services for its Libra crypto project.
CHESTERFIELD, Mo.— NewGround has launched Studio One25, a design group it said specializes in creating dynamic retail and corporate environmental solutions that enhance the overall experience and drive business results.
ALEXANDRIA, Va.–More than half of credit unions participating in a voluntary self-assessment said they have made a “leadership/organizational” commitment to diversity at their institutions, according to NCUA.
LOUISVILLE, Ky.–A former vice president at a credit union that served the Louisville Police Department has pleaded guilty to stealing more than $3 million over four years.
SURREY, B.C.–A credit union here is closing its only unionized branch, where its employees have been on a strike since January.
CHARLOTTE, N.C.–Eight-in-10 Americans say they support a recent proposal by two members of Congress to cap interest rates on credit cards. But that support drops when then asked about what might happen if a cap were put in place.
SAN FRANCISCO—Tally has launched an automated savings app that lets users earn rewards points for saving, as opposed to incentivizing spending like most rewards systems do.
WASHINGTON—Colleges and universities continue to add banking functions, such as those of a debit or credit card, to student identification cards and charging students fees and interest for the use, a new report reveals.