NEW YORK—New research shows Millennials and Gen Z use mobile banking five times more than their parents.
Fresh Today
PURCHASE, N.Y.—Mastercard beat estimates for quarterly profits as consumer spending surged, but the card company's disclosure of a probe by the U.S. Justice Department has unnerved investors, according to a new report.
PURCHASE, N.Y.—A new survey has found that as of 2022, 78% of adults in the U.S. prefer to bank via a mobile app or website. The result? According to Mastercard, as more people open accounts and manage their finances online, digital transaction volumes are projected to reach nearly $15 trillion by 2027.
ALEXANDRIA, Va.--By a 3-0 vote, the NCUA Board Thursday issued a proposed rule related to charitable donation accounts—a move that now allows credit unions to provide greater monetary support for military charities.
ALEXANDRIA, Va.—The NCUA Board received a quarterly briefing on state of the National Credit Union Share Insurance Fund at its open board meeting Thursday, during which Chairman Todd Harper stressed the agency has concerns about credit union performance in the months ahead.
ALEXANDRIA, Va.— When the NCUA board meets today, the agenda will be light.
ARLINGTON, Va.—New home sales increased 4.1% in April to 683,000 annualized units, while sales in March were revised down 27,000 units, new data show. Compared to last year, April’s sales were 11.8% higher.
ARLINGTON, Va.—Ninety-two percent of credit unions offer financial literacy programs to their members, a new study shows.
WASHINGTON— Ahead of a House Small Business Committee hearing this week on veteran-owned small businesses, NAFCU sent a letter to the committee and stated “credit unions are an important resource for our nation’s veterans in their small business and entrepreneurial endeavors.”
WASHINGTON—Credit unions provide a vital partnership in helping the Federal Housing Finance Agency (FHFA) achieve its housing mission and goals, according to a letter sent by CUNA ahead of a House Financial Services Committee hearing this week on FHFA oversight.