ST. PETERSBURG, Fla.—Credit and debit growth rates were up in January over the final month of last year, reports PSCU, which also noted the credit card delinquency rate has now returned to pre-COVID levels.
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WASHINGTON–The walls are “closing in around crypto,” according to one new report.
JACKSON, Mich.--American 1 Credit Union has promoted Dylan Savage to Chelsea Branch Manager.
WASHINGTON—A New Jersey Superior Court order would force a bank to disclose personal information of its 43,000 member-depositors to an unaffiliated, unregulated third party, a decision over which NAFCU, CUNA and other financial services industry trade groups are expressing concern.
LAWRENCEVILLE, Ga.—Used vehicle values continued to slide in January as the used car market returns to more normal depreciation levels following an extended period of price gains, according to Black Book.
WASHINGTON—Litigation surrounding remote deposit capture (RDC) technology continues, with the U.S. Patent Office’s Patent Trial and Appeal Board recently invalidating three of USAA’s patents related to mobile check deposit.
WASHINGTON, D.C. — The Consumer Financial Protection Bureau has issued an advisory opinion it said is aimed at protecting Americans from “double dealing on digital mortgage comparison-shopping platforms.”
NEW YORK–Just like credit unions, the nation’s banks are paying higher rates as they chase deposits. Moreover, borrowing in the federal-funds market hit $120 billion on Jan. 27, the highest one-day total in Federal Reserve data going back to 2016, according to the Wall Street Journal.
HONOLULU—Hawaii Central Federal Credit Union (HCFCU) has increased its excess share insurance policy with the Excess Share Insurance Corporation (ESI), with members’ deposit accounts now insured up to $750,000.
ELKO, Nev. -- Elko Federal Credit Union has announced a $500,000 bonus dividend and “community impact commitment.”