NEW YORK—JPMorgan Chase recently reported a double-digit percentage gain in outstanding credit card balances, but clarified the increase is as not a sign of trouble and is simply an indicator of normal trends.
Fresh Today
WASHINGTON—The CFPB’s “mischaracterization” of “junk” fees is affecting Americans, according to NAFCU, which sent a letter ahead of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection’s hearing on how fees and tactics are affecting consumers.
WASHINGTON—Legislation has been introduced that would increase deposit insurance coverage, expand FHLB membership and provide more flexibility under the member business loan cap.
World CU Conference Coverage: How an Australian CU is Seeking to Become a ‘Real Banking Alternative’
VANCOUVER, B.C.–In a country where retail banking is dominated by four big banks, two member-owned institutions have merged with a goal of creating a “real banking alternative for all Australians.”
VANCOUVER, B.C.–The CEOs of three Canadian CUs that have gone through mergers recently were asked what was the biggest mistake they made in the process.
VANCOUVER, B.C.–Examples from around the globe of the innovative ways credit unions are expanding financial inclusion were highlighted by NCUA Board Member Rodney Hood here.
VANCOUVER, British Columbia—The World Council of Credit Unions (WOCCU) launched a Climate Influencers Network, discussed ESG, and helped clean up a beach during its meeting here.
VANCOUVER, B.C.–Attendees at the World Credit Union Conference were given an update on the activities of the Worldwide Foundation, the philanthropic arm of the World Council of Credit Unions (WOCCU).
JACKSON, Mich. –Two Michigan credit unions have announced their intention to merge.
WASHINGTON — Unfair, deceptive, and abusive acts or practices can be found across many consumer financial products, but a new Supervisory Highlights report from the Consumer Financial Protection Bureau is giving particular attention to issues related to auto financing.