HERNDON, Va.—NACHA, The Electronic Payments Association, reported that as it continues work to move the ACH Network from next-day settlement to same-day payment processing, results from an American Payroll Association survey show broad support for the benefits of same-day ACH.
VANCOUVER, B.C.--- Vancity Credit Union has released a new report, “White Lies on Black Friday: Pricing Integrity in Black Friday Sales,” that finds that as the American tradition of Black Friday becomes increasingly popular with Canadian shoppers and retailers, it is also bringing with it some of the related tactics like inflating original prices, creating a false sense of urgency to buy and encouraging rash decision-making.
FERGUSON, Mo.—Frank Evans is hoping the Thanksgiving holiday will lead to a slowdown, and even an eventual end, to the violence in this city.
TORONTO, Canada—With backing at least in part from a credit union, a Canadian mortgage broker is offering a one-day Black Friday only special with a five-year, fixed rate mortgage priced at 2.59%.
WASHINGTON—CUToday.info has learned that several rulemakings, including that for overdraft protection, have been pushed further back into 2015.
ST PETERSBURG, Fla.—The Target data breach, one-year old Thanksgiving day, ushered in a wave of successful cyber-attacks on the U.S. that have elevated financial institutions’—and consumers—attention to card security.
CHICAGO—A new study shows that despite the growing number of data breaches impacting Americans, consumers this holiday shopping season do not plan to hold back on using their credit cards.
NEW YORK—The National Federation of Community Development Credit Unions testified before the Assembly Subcommittee on Banking in Underserved Communities in New York City on the Federation's “Borrow and Save” program. The hearing examined the establishment of a Borrow and Save pilot program in New York State.
ALEXANDRIA, Va.—NCUA has issued prohibition orders against three people:
SEATTLE—A two-year study of several-hundred thousand members of Generation Y (also known as Millennials), Generation X and Baby Boomers has found that the younger the person, the higher their rate of underemployment relative to education.
