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WASHINGTON—The Federal Trade Commission is sending payments totaling more than $1 million to 1,966 consumers who were harmed by a debt collection scheme that conned consumers into paying debts they did not owe

HAMPSHIRE, U.K.– A new study from Juniper Research is forecasting the total number of digital wallet users will exceed 5.2 billion globally in 2026, up from 3.4 billion in 2022.

PLANO, Texas–Two credit union have announced new investments in the CUSO Illuma Labs.

CHICAGO–TransUnion said it is partnering with the University of Texas at Austin McCombs School of Business to underwrite an effort to “push the frontiers of financial data science.”

WASHINGTON–Wages, prices and consumer spending all increased over the year ending in June, according to new government data, creating a challenge for economists and the Fed as they seek to interpret what all the numbers mean and how to best move forward.

WASHINGTON–At least one Federal Reserve Bank president said he believes the Fed will again need to raise rates when it meets in September, despite new data showing the rate of inflation has slowed.

WOODBURN, Ind.–Financial Partners FCU has expanded its field of membership to Adams, Allen and DeKalb counties in Indiana. The FOM expansion was done with the assistance of Dollar Associates and approved by NCUA.

AUSTIN, Texas–As interest rates rise, one-in-five credit card-holders say  accumulating credit card debt is among one the biggest regrets they have and that they would rather let someone read through their text messages than show them their credit history.

BALTIMORE–Securityplus Federal Credit Union said it has launched “Know Money Know Empowerment,” a program which strives to make a “positive difference” by providing free online financial education courses and membership to individuals located in underserved communities in Baltimore City.

CLARION, Penn.–Clarion FCU has a new name.