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WASHINGTON–An “online experiment” conducted by the CFPB has found consumers would pay down credit card debt with savings–but not all the debt, preferring to keep some as a safety cushion.

ARLINGTON, Va.–NASCUS has expressed strong support for an NCUA proposal that would allow credit unions to capitalize interest.

WASHINGTON—The Small Business Administration (SBA) is reporting it has approved 891,044 Paycheck Protection Program loans, totaling more than $72 billion, since the program reopened earlier this year.

CAMBRIDGE, Mass.—A novel approach to repaying debt could help consumers free themselves from crushing credit card balances faster, according to new research.

TULSA, Okla.–TTCU has announced it is paying out $3.5 million in bonus dividends. The credit union said the payout is a 10.5% increase over its payout one year earlier.

ALEXANDRIA, Va.–The NCUA board has voted 2-1 to put out for 30-day comment proposed changes to the NCUA Chartering Manual that would allow CU websites and mobile apps to qualify as “service facilities.”

WASHINGTON—Congress should take further legislative action to ensure credit unions remain in position to serve their members, CUNA told the House Financial Services Committee.

NEW YORK–Throughout Black History Month during February, Inclusiv and the African American Credit Union Coalition are, for the fifth year, partnering to sponsor a number of initiatives.

ONTARIO, Calif.–The annual California and Nevada Credit Unions for Kids Wine Auction is again going virtual in 2021 and will be aired live on YouTube  on Friday, March 12, from 6 p.m.-7:30 p.m. PST.

BASINGSTOKE, U.K.–A new study from Juniper Research has found that biometrics will authenticate over $3 trillion of payment transactions in 2025, up from just $404 billion in 2020.