ATLANTA—Consumer borrowing was up the first quarter of 2015 at Georgia's 133 credit unions, although the rate of increase has slowed somewhat from the fourth quarter, according to data released by Georgia Credit Union Affiliates.
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SAN FRANCISCO – clearXchange, the largest bank-offered digital payments network in the U.S. that requires only an e-mail address or mobile phone number, said it is now offering a real-time payments solution.
ALEXANDRIA, Va.—NCUA in May told CUs that adjustments were coming to its business lending rules to streamline the process for CUs and remove some limits, and Thursday the agency delivered on its promise.
ST. PAUL, Minn. – The well-known and well-traveled Tom Glatt has been named CEO of St. Paul Federal Credit Union here.
WASHINGTON—NAFCU, CUNA and NASCUS are closely examining NCUA’s proposed rule on member business lending to determine what regulatory relief the rule delivers, how it could help CUs provide more loans to small businesses, and what more can be done.
NEW YORK—Consumer credit defaults continued their downward trend, according to the latest data from Experian.
WAKEFIELD, Mass.–Discussion surrounding the Oct. 1 EMV liability shift has been dominated by whether credit unions will be ready, how many merchants will meet the deadline, and even whether there will be sufficient card stock for the new chip cards.
MADISON, Wis.—CU auto loans are growing at a record pace, while CU lending overall is at its fastest in a decade, according to CUNA Mutual Group’s June Trends Report.
AUSTIN, Texas–After a more than 40-year career in credit unions, Greater TEXAS FCU President and CEO Tommy Seargeant has announced he will retire effective Dec. 31, 2015.
WASHINGTON–The CFPB has sued an auto loan company, Security National Automotive Acceptance Company, for aggressive debt collection tactics against servicemembers.