NEW YORK—LendingClub CEO Scott Sanborn says more than half of consumers are unaware of the interest rates on their credit cards—and among those who think they know, half are underestimating the cost, PYMNTS reported, adding the situation is creating a big opportunity for lenders.
WASHINGTON—The Financial Technology Association, joined by a coalition of data aggregators and fintech firms, sent a letter to the President urging the Administration to pursue government-imposed price controls. In response, the American Bankers Association, Bank Policy Institute, and Consumer Bankers Association issued the following statement.
MADISON, Wis.– Filene Research Institute’s FiLab has announced the top 25 semi-finalist solutions selected for its 2026 Test Menu.
WASHINGTON--The Defense Credit Union Council and DCUC Strategic Partner, Allied Solutions, recently joined over a dozen credit union CEOs from New York, New Jersey and Pennsylvania for a regional luncheon—sparking plans for a DCUC Interstate Sub-Council, the trade group said.
WASHINGTON—Consumer sentiment slipped in August for the first time in four months, as inflation worries weighed heavily on households, the University of Michigan’s latest consumer survey shows.
ALEXANDRIA, Va.--NCUA will hold a Strategic Plan Town Hall on Tuesday, Sept. 9 starting at 2 p.m. ET, the agency reminded.
WASHINGTON--Mortgage applications for new home purchases increased 6.8% compared from a year ago, according to the Mortgage Bankers Association Builder Application Survey, based on July 2025 data.
WASHINGTON—A federal appeals court ruled Friday that a lower court lacked jurisdiction to temporarily block President Trump’s mass firings of CFPB employees—an outcome that could weaken the agency’s ability to oversee financial institutions.
WASHINGTON--Leagues and credit unions are keeping up the movement’s momentum with a unified advocacy strategy during the August recess by meeting with key policymakers in-district, laying the groundwork for action when Congress returns in September, America's Credit Unions reported.
WASHINGTON--Recommendations on the NCUA’s strategic plan, budget, and restructuring were sent to the agency in a detailed comment letter from America’s Credit Unions Regulatory Advocacy Senior Counsel Luke Martone.
