WASHINGTON—Card delinquencies and charge-offs do more than just offer evidence of the struggles many are having, they can also be a harbinger of spending slowdowns in the future, according to new payments.
Fresh Today
COLUMBIA, S.C.—Saying they are seeking to head off a “potential threat” to liberty, some of South Carolina’s state legislators are pushing for the prohibition of central bank digital currencies (CBDCs) within the state.
LONDON—HSBC Bank has launched Zing, a new international payments app.
LOVELAND, Ohio–Looking to make plans to attend a meeting or educational event in 2024? CUToday.info’s 2024 Meeting & Events calendar has been largely updated, including with the newly announced schedule of events from America’s Credit Unions, the trade association being created by the merger of CUNA and NAFCU.
WASHINGTON–Ten senators have signed on to two separate letters sent to the leaders of the Department of Housing and Urban Development and the CFPB asking that they “thoroughly review” mortgage lending practices at Navy Federal Credit Union.
FARGO, N.D.–North Dakota credit unions will be receiving more than $11.9 million in recovered assets that had previously been denied by NCUA, according to the terms of a settlement of a lawsuit.
WASHINGTON—Legislation that would increase federal credit union loan maturity limits has again been introduced in Congress. The bill would allow federal credit unions to make loans with maturities up to 20 years from the current limit of 15 years.
WASHINGTON—Concerns over a Department of Labor proposal has led to concerns over an “unfair burden” on credit unions, according to America’s Credit Unions.
WASHINGTON—Congress has been told the country’s credit unions are prepared to work on initiatives to improve access to housing and reduce gaps in homeownership rates.
LOS ANGELES–A lawsuit has been filed against two major banks over so-called non-disparagement clauses included in the terms and conditions of online banking agreements with customers.