CHICAGO—How much loot could you grab in a warehouse store if given 60 seconds to do so? Some CU members here just found out.
THE news
WASHINGTON—U.S. consumers racked up $21.9 billion in credit card debt during Q3 2016—the seventh-largest third-quarter accumulation in the last 30 years, according to WalletHub’s 2016 Credit Card Debt Study.
WASHINGTON–As expected, the American Bankers Association has filed suit against NCUA over its new field of membership rules.
THE NORTH POLE–Thanks to low inflation, buying all the gifts mentioned in the holiday classic “The 12 Days of Christmas” in 2016 is only slightly more expensive than it was in 2015.
MONTPELIER, Vt.–Vermont State Employees Credit Union said it has become the first credit union in the U.S. to be accepted as a member of the Global Alliance for Banking on Values (GABV), an independent network of values-based banks, banking cooperatives, credit unions, microfinance institutions, and community development banks from across the world.
WASHINGTON—The White House has released its Commission on Enhancing National Cybersecurity report, which considered recommendations contributed by credit union stakeholders.
LAWRENCEVILLE, Ga.—Thanksgiving holiday shopping gave used car sales—and values—a boost, according to the latest data from Black Book.
SAN FRANCISCO—A new study suggests that banks are at risk of not having enough short-term liquidity (certificates of deposits) during the next financial crisis that would be needed to comply with the latest liquidity requirements of the FDIC.
NEW YORK–The Federal Reserve Bank of New York has expressed concern over rising delinquencies in auto loans made to subprime borrowers.
WASHINGTON—The federal government is on track to forgive at least $108 billion in student debt in coming years, according to a report that for the first time projects the full cost of plans that tie borrowers’ payments to their earnings.