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MIAMI—Americans are known for racking up credit-card debt, but just how much is shocking, a new study shows. In 2024, Americans increased their credit card debt by $52 billion. The grand total owed by credit-card holders now is around $1.3 trillion, WalletHub reported.

PASEDENA, Calif.—In a key decision, the U.S. Court of Appeals for the Ninth Circuit has upheld the dismissal of a putative class action challenging a Navy FCU’s returned-check fee, ruling that the plaintiff’s state law claims are preempted by federal regulation, the Consumer Financial Services Law Monitor reported.

WASHINGTON--When it comes to engaging with digital assets, credit unions have several key areas of concern – including parity with other financial institutions.  America’s Credit Unions shared those concerns with the Senate Banking Committee in response to its recent request for information (RFI) soliciting input from industry leaders and representatives on the digital assets issue.

NEW YORK—Total household debt increased by $185 billion to hit $18.39 trillion in the second quarter, according to the latest Quarterly Report on Household Debt and Credit by the New York Federal Reserve.

WASHINGTON--What is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, and what does it mean for credit unions?