CHICAGO–Consumer concerns about inflation and interest rates reached their highest levels in two years, and yet 55% of Americans remain optimistic about their household finances over the next year—although there is a widening gap in perceptions, according to TransUnion’s newly released Q2 2024 Consumer Pulse study.
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ST. PETERSBURG, Fla.– Consumer spending in debit accelerated in May 2024 while credit spending softened, yet “remained positive,” according to the newest Velera Payments Index.
ALEXANDRIA, Va. –NCUA said it will host webinar today it said will highlight the role of minority depository institutions in expanding access to the underserved, promoting economic growth, and fostering financial inclusion.
WASHINGTON—With the CFPB announcing its focus on medical debt, America’s Credit Unions emphasized it continues to have concerns about the Bureau getting overly involved in the credit process.
WASHINGTON—The Senate remains in session this week while House members are back home in their districts.
WASHINGTON—Sen. Gary Peters (D-MI) has introduced the Housing Financial Literacy Act to coincide with National Homeownership Month in June.
CHARLOTTE, N.C.–Skyla Credit Union has cut the ribbon on its newly upgraded headquarters. The $1.59-billion Sklya CU now fills more than 50,000 square feet of the Station at LoSo, filling the top three floors of the Station 3 building.
IRWINDALE, Calif.–SCE Credit Union has introduced a new name and brand. The $1.1-billion CU is now Rize Credit Union.
LEOMINSTER, Mass.–Leominster Credit Union said it plans to introduce a new name and brand in the fall.
VANCOUVER, B.C.–Vancity Credit Union has announced plans to lay off 7% of its workforce. The credit union is citing financing losses and rising costs as the reasons for the layoffs, according to the CBC.