NEW YORK—Macy’s has announced an increase in the interest rate on its credit card to 34.49%, which appears to be a record high, according to a new report.
Fresh Today
BOSTON–June marks 2024's worst month yet for the U.S. small business economy, according to Alignable’s June Revenue & Rent Report .
LONDON—Lenovo is offering open banking at checkout via a partnership with Trustly.
BASEL, Switzerland— The vast majority of central banks worldwide are steering away from issuing retail versions of central bank digital currencies (CBDCs) in the medium term, according to a recent survey by the Bank for International Settlements (BIS).
LATHRUP VILLAGE, Mich.—Credit unions across the country are reporting minimal effects from the IT outage caused by cybersecurity company CrowdStrike that swept across the globe Friday, with some CUs saying reporting certain limited systems had been knocked offline and one CU stating it had temporarily closed its branches.
NEW YORK–Credit unions that have not bought banks have better net interest margins than those CUs that have completed acquisitions, according to new study from S&P Global Market Intelligence.
CHICAGO–The Seventh Circuit Court of Appeals just issued a decision in support of the CFPB in a case involving fair lending.
WASHINGTON — The Consumer Financial Protection Bureau has proposed an interpretive rule in which it states that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act.
LAKE JACKSON, Texas–Isaac Jackson, president and CEO of Texas Dow Employees Credit Union, has announced his formal retirement as a two-star Major General in the U.S. Army Reserve.
ALBUQUERQUE, N.M. – U.S. Eagle Federal Credit Union has launched a statewide financial well-being campaign with a goal of helping New Mexicans “find their financial balance” and is using an Olympic athlete as a spokesperson.