WASHINGTON– Nearly two-thirds of likely voters support credit card swipe fee reform, according to a new survey released by the Merchants Payments Coalition, which is advocating for passage of the Credit Card Competition Act in Congress.
Fresh Today
WASHINGTON—With the Federal Reserve’s Open Market Committee set to conclude its two-day meeting today, most analysts are expecting it to stand pat and not raise rates. But with underlying inflation decelerating and signs that the labor market is cooling, the central question for economists remains whether the economy is headed for a soft landing or a mild recession, Fannie Mae reported.
WASHINGTON—Regulatory over-reach is harming credit unions, NAFCU told the House Financial Services Subcommittee on Financial Institutions and Monetary Policy in a letter ahead of a hearing on the issue.
WASHINGTON—Credit union loans outstanding increased 0.7% in July, compared to a 0.7% increase in June of 2023 and a 1.6% increase in July of 2022, according to CUNA's latest Monthly Credit Union Estimates.
RANCHO CUCAMONGA, Calif. – New analysis of card spend data by Co-op Solutions finds “spending is showing signs of cooling with consumers tightening their grips on their wallets.”
WASHINGTON—A credit union supporter in Congress, Rep. Jennifer Wexton (D-VA) has announced she will not seek re-election in 2024.
HARAHAN, La.– Louisiana Credit Union League CEO Juan Fernandez Ceballos has announced a number of changes at the league, primarily in personnel, he said are aimed at improving the value proposition of the league.
MADISON, Wis. —TruStage has announced that CuneXus, which it acquired in 2020, will now be known as “Digital Storefront.”
SAN FRANCISCO—X, formerly known as Twitter until July of this year, is becoming a large player in the money transmitter business.
LOS ANGELES – A man has agreed to plead guilty to breaking federal law by allowing his cryptocurrency-cash exchange company to help scammers and drug traffickers launder millions of dollars in criminal proceeds through his business, the U.S. Department of Justice announced