ATLANTA—The U.S. Court of Appeals for the Eleventh Circuit has sided with Chase Bank in a Fair Credit Reporting Act (FCRA) lawsuit, determining the bank upheld its requirements under the law to conduct a “reasonable” investigation into the plaintiff’s dispute of inaccurate information furnished to the credit reporting agencies (CRAs).
OAK RIDGE, Tenn.–Y-12 Federal Credit Union said it has developed and launched a program called Y-Fi @ Work, which it is describing as a comprehensive financial education program dedicated to supporting organizations that actively seek to engage their employees on the importance of financial independence.
BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said it has launched its Foundation for Financial Empowerment, a 501(c)(3) nonprofit organization.
BASINGSTOKE, U.K.– The value of digital prepaid card transactions will exceed $3.98 trillion globally by 2028, up from $528.7 billion in 2023, according to a new study from Juniper Research.
SAN MATEO, Calif.–A new survey of what American workers expect when it comes to bonuses offers some insights for credit unions as they continue to work to recruit and retain employees.
ALEXANDRIA, Va.–Jim Hayes, whose hiring was big news when the world’s second-largest CU, State Employees Credit Union in North Carolina, looked outside the organization to name him as its new CEO in 2021, is leaving SECU to join State Department FCU effective July 31
WASHINGTON–Newly released inflation data appear to support those predicting the Federal Reserve will not raise interest rates when it concludes its Open Market Committee meeting tomorrow.
WASHINGTON–After more than a year of ongoing rate increases, the Federal Reserve’s Open Market Committee (FOMC) will kick off its two-day rate-setting meeting today, with most—but not all—analysts predicting it will leave rates unchanged.
ARLINGTON, Va.–At the beginning of this year there was a general consensus among economists both inside and outside of credit unions that the latter half of 2023 would see a mild recession. Now, one CU economist says that seems unlikely, and a recession in 2024 remains an uncertainty, as well.
WASHINGTON—NAFCU and CUNA have joined with eight other financial services trade organizations in a joint letter to Congress that addresses what the groups say are the “detrimental impacts” the proposed Credit Card Competition Act will have on consumers, credit unions, and other financial institutions.
