RALEIGH, N.C.–Few credit unions in the country have their loan portfolio scrutinized publicly as does State Employees’ CU, and that continues to be the case.
THE news
PLANO, Texas–There is a potential “car crash” ahead when it comes to credit risk in the auto market, according to one analyst.
DUBLIN, Calif.–With its systems still down following a ransomware attack, two class action lawsuits have been filed against Patelco Credit Union.
HAUPPAUGUE, N.Y.–A court here has upheld a lower court’s ruling in a putative class action lawsuit against Teachers FCU that alleges a number of contractual breaches.
DUBLIN, Calif.–Patelco Credit Union’s systems remained largely offline over the weekend, as the outage has now reached more than a week following by a ransomware attack.
WILMINGTON, N.C. —While approximately 80% of Gen Z and 75% of Millennials have chosen a large bank as their primary financial institution, 52% are willing to switch to a community bank, 50% to an online-only institution and 47% to credit union, according to a new survey.
WASHINGTON–Mortgage rates fell last week to their lowest level since early April.
CUPERTINO, Calif.–After launching the service with much fanfare---and raising worries in credit unions—Apple has announced that it is longer be offering BNPL financing through its Apple Pay Later offering, which was launched in 2023.
NEW YORK—Retail shoppers making purchases using digital wallets have shifted from favoring PayPal to Apple Pay, according to a new report, which further found only the latter continues to gain share.
EL SEGUNDO, Calif.–A new report reveals to what degree financial stress is increasing among Americans, finding a “tale of two economies.”