NEW YORK--For decades, conventional wisdom held that consumers with subprime credit relied heavily on revolving credit card balances to make ends meet. But new research from PYMNTS Intelligence suggests that assumption is rapidly becoming outdated, as millions of financially stressed Americans assemble a patchwork of alternative payment options that better match the realities of unpredictable cash flow.
WASHINGTON—For years, credit unions worried the next major industry downturn would come from rising loan delinquencies, commercial real estate exposure or a weakening consumer.
SAN DIEGO—Jim Stickley believes credit unions are about to lose something they've always counted on in cybersecurity: time.
DALLAS— As credit unions search for new ways to attract younger members and expand beyond their traditional fields of membership, an unexpected opportunity is emerging from college campuses: university-branded payment card programs tied to athletics, alumni networks and even Name, Image and Likeness (NIL) initiatives.
JACKSON, Miss.— A federal judge has ordered a sweeping asset freeze against former Jackson Area Federal Credit Union CEO Leigh Bridges, her husband Chad Bridges and former branch manager Tina Funez, barring them from moving or disposing of assets as the NCUA pursues its civil lawsuit seeking to recover approximately $95 million allegedly misused from the credit union.
NEW YORK--For years, artificial intelligence has been viewed by many credit unions as the next frontier in digital banking. But for many small business members, the future has already arrived.
SARTELL, Minn.— When survivors of domestic violence leave an abusive relationship, escaping the physical danger is often only the first hurdle.
SCOTTSDALE, Ariz.--Credit unions have spent years worrying about interest rates, regulation and economic uncertainty. But a new report from Cornerstone Advisors suggests the more immediate threat may be something far less tangible: hesitation.
WASHINGTON—Former NCUA Chairman Dennis Dollar is pushing back on Sen. Elizabeth Warren's criticism of the agency's deregulation project, arguing the Massachusetts Democrat's concerns have less to do with whether the NCUA is operating with a single board member than with opposition to regulatory relief itself.
Every Fourth of July, Americans gather beneath fireworks, wave flags, and celebrate the birth of the greatest experiment in self-government the world has ever known. We remember the courage of those who pledged “their lives, their fortunes and their sacred honor” so that future generations could live free.
