WASHINGTON–The yield on the 10-year U.S. Treasury note has hit a 15-year high, which could lead to higher costs for many borrowers.
Fresh Today
CHICAGO– A new analysis has found that amidst a period of growth in credit card balances and originations, consumers continue to turn to unsecured personal loans as a way to consolidate high interest credit card debt.
NEW YORK—A new poll reveals that 60% of fintechs surveyed report paying at least $250,000 in compliance fines last year, with one-third paying more than $500,000.
PLYMOUTH, Mich.–– With the professional football season about to kick off, CFCU said it has entered into a partnership with the NFL’s Detroit Lions that will include a “significant branding presence and purposeful engagement” with fans throughout the 2023-2024 season.
RANCHO CUCAMONGA, Calif. –A drop in surplus cash is translating into a slight increase in spending on consumer credit, while the migration from debit to credit is intensifying, according to new analysis from Co-op Solutions.
BANNOCKBURN, Ill– Great Lakes Credit Union said it is set to introduce “Olive” to its membership. Olive is a call center bot that leverages conversational AI to route calls, conduct phone banking transactions, and decrease member wait times, the credit union said.
CORPUS CHRISTI, Texas–CUNA, the Cornerstone league and Rally Credit Union filed to join an Emergency Motion for Preliminary Injunction in the U.S. District Court for the Southern District of Texas, seeking relief for credit unions from implementation of the Consumer Financial Protection Bureau’s section 1071 rule.
WASHINGTON–The Worldwide Foundation for Credit Unions (WFCU) said it is offering its support to credit unions in Maui following the catastrophic fires that have led to more than 100 deaths and the destruction of most of Lahaina.
TAMPA, Fla.— One of the best-known credit union leaders of his time, Perry Dawson, has died. Dawson was 95 years old.
NEW YORK –Auto dealers continue to increase the pace at which they are switching from paper-based financing to digital, new data show.