NEW YORK—In a trend that CUToday.info has reported every year since 2016, many Americans are again reporting they have more credit card debt than savings—although this year the percentage of Americans facing that reality has risen to a new high.
Fresh Today
DANA POINT, Calif. –The Credit Unions for Kids Wine Auction raised a “record-breaking” $1.85 million for 11 Children’s Miracle Network Hospitals in California and Nevada during the 19th annual event here.
MARTINEZ, Calif.–Members of Cooperative Center Credit Union have voted in favor of merging into Nuvision Credit Union, which is based 400 miles south in Huntington Beach, Calif.
LAS VEGAS–The CU Leadership Convention said it has entered into a partnership with the African-American Credit Union Coalition (AACUC).
WASHINGTON—Two fintechs that made “false promises” related to small businesses and the Paycheck Protection Program (PPP) have been hit with more than $50 million in combined fines by the FTC.
WASHINGTON—Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and Office of Civil Rights and Equal Employment Opportunity (OCRE) will conduct a free webinar March 21 designed to assist organizations in understanding the requirements of the CDFI Fund’s Title VI Compliance Worksheet.
LVIV, Oblast, Ukraine–The Worldwide Foundation for Credit Unions, the philanthropic arm of the World Council of Credit Unions, has offered an update on how funds are helping to meet the needs of children with certain psychophysical developmental disabilities in the wake of Russia’s invasion of the country.
SAN FRANCISCO—Users of PayPal’s overseas money transfer app Xoom will pay no fees if they use the company’s stablecoin, PYUSD, for the transfers, according to a new report.
SAN FRANCISCO—Visa is reporting it has entered a seven-year agreement with Western Union to help the latter’s customers send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.
WASHINGTON—The Federal Reserve will host a free 60-minute webinar today on how FedNow participants have planned and implemented fraud risk management strategies in advance of adopting the service.