MADISON, Wis.–Lending at credit unions slowed again in June, but a new forecast sees lower mortgage rates and increasing home sales ahead, while on the other side of the balance sheet significant changes in the distribution of deposits continues to take place.
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ST. PETERSBURG, Fla.— Growth in consumer spending increased on debit but softened on credit during August, Velera reported, citing lower gasoline prices as the reason for the shift.
WASHINGTON—The Consumer Financial Protection Bureau is suing Horizon Card Services and its CEO Robert Kane for “tricking” consumers into signing up for its “expensive” membership credit card, the CFPB said.
WASHINGTON—Federal bank regulatory agencies—FDIC, Federal Reserve and OCC—announced they will extend until Oct. 30, 2024, the comment period on a request for information on bank-fintech arrangements involving banking products and services.
SAN FRANCISCO—Troubles for Wells Fargo persist.
NEW YORK—A new study from Bankrate, which surveyed the interest rates of 108 store cards from leading retailers in early September, found they have reached a record high since Bankrate started tracking them in 2008, CNN reported.
ALEXANDRIA, Va.—The NCUA board Thursday will receive a quarterly report on the National Credit Union Share Insurance Fund and will vote on two final rules.
LONDON—Smaller banks are spending up to five times as much on compliance, on a proportional basis, as larger firms, according to new data.
MADISON, Wis.– The Wisconsin Credit Union League has named a new president/CEO to succeed the retiring Brett Thompson, who is exiting after heading the association or 23 years.
LEXINGTON, Ky.–University of Kentucky FCU has named Ryan Ross as its new president and CEO. Ross previously served as president and CEO of Soarion Credit Union, which has announced a successor.