CHICAGO—The first quarter of 2025 reflected credit card trends indicating a return to equilibrium, similar to those observed towards the end of 2024, TransUnion reported.
Fresh Today
MIAMI--Mortgage debt remains the largest category of debt for Americans, with the average household carrying nearly $105,000 in mortgage debt.
VIENNA, Va.—The $190-billion Navy Federal Credit Union has partnered with Bloom Credit to use Bloom+, a data product that helps members build credit through rent and utility payments, Mobile ID World reported.
WASHINGTON—The Defense Credit Union Council Wednesday convened another industry-wide strategy meeting, updating system partners and fellow advocates on recent advocacy efforts across five priorities.
WASHINGTON,— Mortgage applications decreased 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 30, 2025.
WASHINGTON--Credit unions must have parity with banks in the digital assets marketplace to ensure they remain competitive, America’s Credit Unions and the Defense Credit Union Council emphasized in separate letters to the House Financial Services Committee.
WASHINGTON--The Small Business Administration should prioritize reducing barriers to credit union participation in the agency’s lending programs to benefit small businesses and the credit unions that serve them, America's Credit Unions stated in a a letter to the House Small Business Committee.
WASHINGTON—Wells Fargo is no longer subject to the asset growth restriction from the Federal Reserve Board's 2018 enforcement action against the bank, the Fed reported.
SAN JOSE, Calif.— PayPal has made a big move in the credit market, introducing a new physical card.
ST. PETERSBURG, Fla.– The $1-billion Peach State Federal Credit Union has signed with Velera for debit and credit card processing support.