VENTURA Calif.–Ventura County Credit Union is now facing at least two class action lawsuits related to a 2022 breach that affected as many as 82,000 members, a breach the lawsuit alleges the credit union did not disclose for six months.
THE news
WASHINGTON–Mortgage rates continue to hit new highs. Last week, the average rate on the 30-year fixed-rate mortgage was at its highest point since 2001, hitting7.23% in the week ending August 24, up from 7.09% the week before, according to data from Freddie Mac.
WASHINGTON–While Americans have now charged their way to more than $1 trillion in credit card debt, WalletHub’s analysis of the most recent data from the Federal Reserve Bank of New York shows inflation-adjusted debt levels have been higher numerous times in the past.
WASHINGTON–The Internal Revenue Service has issued a ruling that credit unions can receive a 2021 COVID Credit, but not 2020.
NEW YORK—More Americans are failing to make payments on their credit cards and auto loans, according to a new report.
NEW YORK–Economists at Goldman Sachs are predicting the Federal Reserve will cut interest rates in the second quarter of 2024, regardless of whether the U.S. economy enters a recession.
NEW YORK–Americans now collectively owe more than $1 trillion on credit cards.
NEW HAVEN, Conn.–Connex Credit Union has become the latest to be hit with a lawsuit over its overdraft practices, with the plaintiff seeking class action status. Among the law firms representing the plaintiff is a firm that has been involved in numerous similar lawsuits.
MADISON, Wis.—In conjunction with the 75th anniversary of International Credit Union Day this year, the Worldwide Foundation for Credit Unions (WFCU) has announced a major fundraising drive, calling on credit union employees, members and advocates to help raise $750,000 in 75 days.
SAN FRANCISCO–The first class of kindergarteners who were enrolled in a unique program that gave each of them a $50 savings account has now graduated from high school, and the results offer some insights into the lessons learned along the way.