Cardholders Are Spending More During 2019 Holidays, CO-OP Data Show 12/11/2019 07:54 pm RANCHO CUCAMONGA, Calif. – Credit and debit cardholders appear to be spending more on their holiday shopping this year as compared to last, according to CO-OP Financial Services’ analysis of card transaction data from Thanksgiving Day through Cyber Monday.
Credit Unions Significantly Outscore Banks in Consumer Wellbeing Survey, But… 12/11/2019 07:54 pm WASHINGTON–A new survey finds credit unions are far better at supporting their members' feelings of wellbeing than banks are—but the numbers are also relative, as across seven-of-eight attributes CUs were never scored higher than 30% by their members when it comes to helping improve their lives.
Cyber Monday Shopping Shatters Records, Payments Data Show 12/11/2019 07:59 pm NEW YORK—Holiday shopping on Cyber Monday shattered existing records, with consumers spending $9.4 billion, a 19.7% increase from year-ago figures, when sales reached $7.9 billion, according to Adobe Analytics.
An Opportunity for Credit Unions? 12/11/2019 08:19 pm ST. LOUIS–A new survey that reveals there may be an opportunity—indeed, an acute need—in helping Baby Boomers set to retire to plan for their financial needs.
Risk-Based Capital, Budget on Agenda For Today’s NCUA Board Meeting 12/11/2019 07:55 pm ALEXANDRIA, Va.—The NCUA board will consider a final risk-based capital rule, the agency’s 2020-21 budget and will receive a briefing on the 2020 share insurance fund Normal Operating Level (NOL) at its meeting today.
As Consumers Spend This Holiday Season, CUNA Tells Congress CUs Keep the Grinch at Bay 12/11/2019 07:52 pm WASHINGTON—This holiday season the average consumer will spend more than $1,000 on gifts and related expenses and credit unions are there to ensure consumers maintain their financial health, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices.
After 190,000 Comment Letters, Here’s When CFPB Plans to Unveil Revised Payday Lending Rule 12/11/2019 07:55 pm WASHINGTON–After receiving nearly 190,000 comment letters, the CFPB said it expects to have a final, revised rule on payday lending in place by April of 2020.
