SAN FRANCISCO– Three quarters of the 120 financial institution respondents to a new survey say they intend to adopt the FedNow Service, while 50% plan to utilize the RTP (Real-Time Payment) Service.
Fresh Today
MADISON, Wis.–The newest deep dive into credit union performance shows auto delinquencies are on the rise and further “headwinds” could be ahead, home prices could decline by as much as 10% over the next two years, and a drop in member savings balances was the biggest seen in history, according to TruStage’s newest Trends Report.
ALEXANDRIA, Va.—Idaho is leading the way in asset (7%) and share and deposit growth (3.8%) among federally insured CUs, while Alaska (5.9%) and Nevada (20.3%) outpaced all others in membership and loan growth, respectively, NCUA reported, citing Q1 data.
CFPB’s Chopra Questioned by Senate About Card Late Fee Proposal; CUNA Has Recommendations for Bureau
WASHINGTON–Consumer Financial Protection Bureau Director Rohit Chopra spent a good part of his testimony before the Senate Banking Committee this week defending the Bureau’s proposal to lower credit card late fees to $8.
ORLANDO, Fla.—The CEO of one of the most innovative small credit unions in the country told the leaders of other small CUs there are no reasons they can’t be equally innovative and successful. And that includes “Banking for Dog People.”
Merchants Group Says the Bill is Getting Bigger: Swipe Fees Now Costing Consumers $15 Billion a Year
WASHINGTON--The Merchants Payments Coalition has released a new estimate it said shows that passage of the Credit Card Competition Act would save merchants and their customers at least $15 billion a year.
SCRANTON, Penn.–Penn East FCU has named a new president and CEO effective Aug. 1. The $262-million PEFFCU said it has selected Marie Beggin to lead the organization.
IRVINE, Calif.–Origence has announce a new partnership with iCheckGateway.com (iCG), an all-in-one payment solutions gateway set to streamline payment solutions across the origination platform and digital experience.
MILWAUKEE, Wis.– InterLutions, a CUSO that provides employee benefits, hosted a forum exclusively for large credit unions to share their “results of collaboration.”
WASHINGTON—CUNA has filed comments with the Federal Housing Finance Agency (FHFA) in which it is offering suggestions on how the housing finance system can ensure access to lenders of all sizes.