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NEW YORK--For decades, conventional wisdom held that consumers with subprime credit relied heavily on revolving credit card balances to make ends meet. But new research from PYMNTS Intelligence suggests that assumption is rapidly becoming outdated, as millions of financially stressed Americans assemble a patchwork of alternative payment options that better match the realities of unpredictable cash flow.

WASHINGTON--Two bills introduced Tuesday would help credit unions protect senior members and provide oversight over a key Small Business Administration (SBA) lending program, America's Credit Unions reported.

MADISON, Wis.—Filene Research Institute has launched a new Center of Excellence focused on helping credit unions sharpen their value propositions and tell more compelling stories in an increasingly crowded financial services market.

WASHINGTON—Outgoing acting Consumer Financial Protection Bureau Director Russell Vought defended the Trump Administration's sweeping overhaul of the CFPB during a contentious House Financial Services Committee hearing Wednesday, arguing the agency's downsizing and rollback of regulations reduced economic burdens on consumers and businesses, Reuters reported.

WASHINGTON— The Trump Administration has launched GOLD EAGLE, a new public-private cybersecurity clearinghouse designed to use artificial intelligence to identify, prioritize and accelerate the remediation of software vulnerabilities across critical infrastructure, including the financial sector, according to the White House.

GRANITE CITY, Ill.—Employees at Revity Credit Union raised $1,450 for the National Children's Cancer Society through the credit union's Jeans for Generations program.