WASHINGTON—Total consumer credit rose 3.7% at a seasonally adjusted, annualized rate in January and is up 7.9% compared to a year ago.
Fresh Today
WASHINGTON—Consumer spending continues to hold steady as economic activity remains strong, according to the latest version of the Beige Book from the Federal Reserve.
WASHINGTON—The Department of Housing and Urban Development (HUD) has finalized a rule to allow a standalone 40-year loan modification for mortgagees with Federal Housing Administration (FHA)-insured loans to cure a borrower’s default.
WASHINGTON—The Consumer Financial Protection Bureau has missed many opportunities to leverage credit unions’ mission and history to the benefit of consumers, CUNA wrote to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit.
GERMANTOWN, Penn.–After 42 years in credit unions, James H. Norris has announced plans to retire as CEO of SkyPoint FCU.
PENSACOLA, Fla.–A family of six has been named as the winners of Pen Air Credit Union’s NOW program, a financial advising competition that seeks to transform financial futures and which rewards winners with a $5,000 cash prize.
CALGARY, Alberta– Collabria Financial, Canada’s largest B2B2C digital credit payments issuer, has renewed its long-time partnership with Co-op Solutions for Full-Service Credit processing, the company is reporting.
NEW YORK–Inclusiv said it is seeking “passionate, committed and thoughtful candidates” for its board.
AUSTIN, Texas – Greater Texas Credit Union and Texas State University have signed a multi-year sponsorship agreement making Greater Texas an official sponsor of Texas State Athletics.
CROWN POINT, Ind.–Tech Credit Union has selected PSCU to provide it with debit card processing support.