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WASHINGTON–In the wake of statements by credit unions that the Credit Card Competition Act will hurt card rewards programs, the Merchants Payments Coalition has released its own research that states the proposed legislation should have “virtually no impact on credit card rewards and that banks could easily afford to continue offering rewards.”

ATLANTA–With delinquency ratios rising on auto loan portfolios, some lenders have opted for the exit lane on certain offerings, including credit unions, and that has opened the road for a new group of lenders to grab marketshare, according to a new report.

SUNNYVALE, Calif. –With FedNow now live, Star One Credit Union has introduced “Instant Pay” offering for members.

CHADDS FORD, Penn.– Franklin Mint FCU has confirmed the MOVEit data breach could affect its 140,000 members.

MONTPELIER, Vt. – Saying they are responding to “historic flooding that has torn through” their region, New England FCU and Vermont State Employees CU are partnering with the Vermont Community Foundation to provide interest-free emergency flood disaster recovery loans to Vermont residents.

WASHINGTON—Mortgage lenders appear to be adapting their strategies to remain competitive in the current challenging environment, a new study from Fannie Mae suggests.