CARPINTERIA, Calif.–Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Processing fees, which include interchange, paid by U.S. merchants to handle all card payments, were $88.39 billion, according to The Nilson Report.
Fresh Today
WASHINGTON—NAFCU President and CEO Dan Berger is urging CFPB Director Richard Cordray to approve a one-year delay of the effective date of its 2015 Home Mortgage Disclosure Act (HMDA) rule.
FERMOY, County Cork, Ireland–Investigations are underway at two Irish credit unions here over alleged embezzlements.
WASHINGTON–CUNA has filed a letter with the CFPB related to its Request for Information about the use of alternative data in the credit process.
BENTONVILLE, Ark.—Walmart, working with Ria Money Transfer and American Express, has announced enhancements to its Walmart2Walmart money transfer service, lowering fees on transfers and unveiling plans to launch a mobile service this month called Bluebird2Walmart Money Transfer Service.
NEW YORK–What’s propping up many of the big name department stores and retailers? Credit cards, according to one new report.
SPARTANBURG, S.C. – For those who work or volunteer as first responders in Spartanburg County here, Spartan Federal Credit Union has introduced a new First Responder Loan.
VANCOUVER, B.C.–“Dozens” of workers at credit unions in Canada complained that they feel the same pressures as bank employees to meet high sales targets, and further suggested those sales are often to the detriment of members.
ALEXANDRIA, Va.–The video recording of NCUA’s April 20, 2017 open meeting is now available on the agency’s website.
NEW YORK—A new report indicates that blockchain can make the process of onboarding businesses by banks and credit unions simpler.