WASHINGTON–The House of Representatives is out of session this week, but the Senate is still meeting in Washington, where it is primarily focused on spending packages.
Fresh Today
ST. PETERSBURG, Fla.–Looking back on 2023, growth in spending on debit cards outpaced that of credit cards, according to the newest PSCU Payments Index.
WASHINGTON—With just two weeks left before they are no longer separate organizations, NAFCU and CUNA have joined with other financial services trade groups in sending a letter of support to the Senate Banking Committee over the Close the Shadow Banking Loophole Act, which seeks to close the industrial loan company (ILC) loophole in current law.
WASHINGTON—Rep. Andy Barr (R-KY) has introduced a bill that CUNA says will “rein-in the Consumer Financial Protection Bureau’s abuse of its authority” to oversee unfair, deceptive, and abusive acts and practices (UDAAP.”
RACINE, Wis.–Several more credit unions have announced year-end bonus dividends, loan interest rebates and more.
HARRISBURG, Penn.–Several people have pleaded guilty as part of a crime ring that stole more than $5 million from credit unions in Pennsylvania, as well Florida, Alabama, New York, Texas, and Michigan.
TAMPA, Fla.–A local credit union has bought naming rights to part of a football stadium under construction here.
LONDON—The Future of Payments Review has published a report that calls on the U.K. government to implement a national payments vision and strategy, with the aim of simplifying the landscape over time.
WASHINGTON–A new economic update has been released by CUNA’s senior economist, Dawit Kebede.
VIENNA, Va.–Navy Federal Credit Union has issued an updated statement in response to a report alleging it has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, saying the report is inaccurate and excludes important data.