PLANO, Texas—Americans now owe more on their homes, cars, credit cards, and student loans than ever before, with total household debt hitting a record $18.39 trillion in the second quarter of 2025—a surge driven largely by bigger mortgages and a steady climb in non-housing debt, reports Brian Turner.
LAWRENCEVILLE, Ga.—Used vehicle values continued their summer decline in July, with Black Book’s Used Vehicle Retention Index dropping 1.1% (1.6 points) to 146.5 from June 2025 (148.1), which is 1.0% above where it was at the same time in 2024.
WAILUKU, Hawaii—The $469-million Maui County Federal Credit Union has named Michele Kawahara president and CEO, effective Sept. 1, Maui News reported.
MARLBOROUGH, Mass.—St. Mary’s Credit Union here and MetroWest Community FCU in Framingham, Mass., have announced plans to merge, Worcester Business Journal reported.
WASHINGTON—Credit unions may have dodged a bullet in the budget reconciliation bill signed by President Trump, but the reprieve could be short-lived.
WASHINGTON-- America’s Credit Unions pushed back against a recent article in The Banker the trade group says misrepresents credit union growth and overlooks data showing the measurable benefits credit unions deliver to millions of Americans.
WASHINGTON--The U.S. Court of Appeals for the D.C. Circuit issued a new order denying the expedited appeals process requested by Todd Harper and Tanya Otsuka, America's Credit Unions reported.
WASHINGTON—A federal court ruling in Corner Post v. Board of Governors of the Federal Reserve System may give smaller credit unions a short-term competitive advantage, but payments experts warn that the longer-term picture could bring additional revenue pressures across the industry.
CHICAGO—American consumers are maintaining steady, disciplined credit habits, showing signs of stabilization and measured growth across major lending categories despite ongoing economic challenges.
TROY, Mich.—Volatility in everything from financial markets to the prices of consumer goods has started to influence the way credit card customers use their cards, a new study shows.
