NEW YORK— A new study confirms what many payments analysts have been sharing, that credit card usage is shifting more toward purchases of daily essentials, such as food, according to a new report.
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KALAMAZOO, Mich.–Advia Credit Union has announced its membership as an employer with Diversity Jobs, a partnership it said demonstrates its commitment to diversity, equity, and inclusion (DEI) in the workplace.
WASHINGTON–Regardless of how the Supreme Court rules on a challenge to a Biden Administration plan to forgive federal student loan debt, when the pause on student loan debt payments expires Aug. 30, it's expected to have a big effect on a group beyond just borrowers—merchants.
PALM COAST, Fla.–In part II of this latest review of credit unions seeking to merge, CUToday.info has found nearly all are below $10 million in assets (just two are between $40-$100 million in assets), and again uncovers CUs unable to find new managers, saying they simply can’t afford new technology (two of the CUs don’t have websites) and, in one case, one offering a pretty unique formula for how it determined net worth should not be returned to members.
WASHINGTON—CUNA has filed comments with the Federal Housing Finance Agency (FHFA) in which it is offering suggestions on how the housing finance system can ensure access to lenders of all sizes.
WASHINGTON—The Justice Department is objecting to bankruptcy plan filed by Bittrex, a cryptocurrency exchange that owes millions of dollars in fines to the government.
ARLINGTON, Va.—Total consumer credit grew 5.7% in April at a seasonally-adjusted, annualized rate and is up 6.8% compared to a year ago, according to new data from the Federal Reserve.
SAN FRANCISCO–For the first time in history, the national average rate on a six-month certificate of deposit is the same as the 60-month CD, 1.38%, a new analysis reveals.
SAN FRANCISCO–Airbnb has announced new partnerships with Stripe and Klarna aimed at beefing up its payments offerings, including new buy now, pay later (BNPL) options.
NEW YORK–A new report suggests recent bank failures are upending a long-held theory among banking executives and regulators—"that the value of a lender’s deposit business goes up when interest rates move higher.”