NEW YORK—As experts debate over how much of a threat buy now, pay later (BNPL) services are to credit cards, one major bank is offering some insights into what it really taking place in the rapidly growing market.
THE news
WASHINGTON–After years of discussion and debate, the U.S. Postal Service has launched a pilot program offering consumers financial services.
CINCINNATI—Which vehicle names would also make the best names for a football team?
ARLINGTON, Va.—The increasing use of digital assets is also increasing risk to the credit union system, NAFCU told NCUA.
PORTSMOUTH, N.H.–What is being described as the credit union community’s “first neo-bank strategy,” Bank Dora Financial has been launched by four credit unions located in three different states.
WASHINGTON–The biggest event in credit unions, CUNA’s annual Governmental Affairs Conference, will be back as an in-person event in 2022.
WASHINGTON—Credit union loans outstanding increased 0.8% in July, compared to a 1.0% increase in June of 2021 and a 0.7% increase in July of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON–For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Q3 2021 Mortgage Lender Sentiment Survey (MLSS).
ARLINGTON, Va.—Total vehicle sales continue to decline, falling from 14.6 million annualized units to 13.1 million annualized units in August, with monthly sales levels down 14.4% year over year.
WASHINGTON—The Treasury Department has told financial institutions they may process personal remittances to Afghanistan.