NEW YORK—A new study shows consumers are still paying off debt from last year’s holiday purchases.
Fresh Today
MIAMI—The Federal Reserve Bank of New York’s new data on household debt reveals U.S. households owe a record amount in absolute terms ($17.94 trillion) as of Q3 2024.
ANCHORAGE, Alaska—A 30-year-old Alaska man is charged with walking into a credit union and presenting a note demanding $50,000 and “all your cash” has been convicted, federal prosecutors said.
WASHINGTON—The Defense Credit Union Council (DCUC) is helping one of Australia’s largest banks build an association to serve the country’s military and veteran communities.
WASHINGTON—Existing home sales are now expected to rise only 4% next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
ST. LOUIS—The $377-million Alliance has settled a class-action lawsuit over alleged “deceptive” auto repossessions.
WASHINGTON—The CFPB’s new open banking rule shifts liability burdens onto financial institutions, increasing their responsibilities for securing data shared with third-party fintechs, Bank Info Security says.
TALLAHASSE, Fla.— Members of the League of Southeastern Credit Unions & Affiliates and the Virginia Credit Union League have voted in favor of merging, LSCU reported.
WASHINGTON—The Defense Credit Union Council (DCUC) has sent a letter to Scott Bessent, President-Elect Donald Trump’s Treasury Secretary Nominee, that outlines the benefits of credit unions and the key issues impacting the industry.
ANCHORAGE, Alaska – A federal grand jury in Alaska has returned an indictment criminally charging an Anchorage man in connection with a string of recent credit union robberies.