NEW YORK—While a new report reveals consumers are concerned about mounting credit card debt (see related story), new data also show more people are maxing out their plastic.
Fresh Today
ST. PETERSBURG, Fla.—Consumer spending further softened in September, with decreases for both debit and credit, according to the October edition of the Velera Payments Index.
WASHINGTON—When members of Congress return to Washington following the Nov. 5 elections, the Defense Credit Union Council (DCUC) will be pressing elected officials to block the inclusion of the Credit Card Competition Act (CCCA) from any pieces of legislation, DCUC said.
PALMER, Alaska—The $935-million Matanuska Valley Federal Credit Union has named Chad Ritchie CEO.
DALLAS—Registration is now open for ALM First’s 2025 Financial Institute.
TAMPA—The $600-million FloridaCentral Credit Union here and Abbott Laboratories Employees CU, Gurneee, Ill., have reported they each may have suffered a data breach that stemmed from email account compromises. The breaches may have involved sensitive personal identifiable information, reports state.
NEW BRITAIN, Conn.—The former CEO of Sound Credit Union, Edward Fox, is suing the CU and its accounting firm, Whittlesey PC, claiming he was fired after following advice from the CPA group on when to calendar a $1.2-million gain connected to a property sale.
ALEXANDRIA, Va.—Two items will be on the agenda when the NCUA board meets Thursday.
WASHINGTON—Following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September, the economy now appears to be on firmer footing than previously thought, according to the October 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
ANCHORAGE, Alaska—FBI agents and police are searching for a “serial bank robber” who has robbed three local credit union branches in the past month.