Here’s What 2020’s Holiday Spending Looked Like 01/06/2021 07:41 pm PURCHASE, N.Y.—If the holiday season were measured by traditional standards, from Thanksgiving through Christmas, overall sales would have bumped up by 2.4%, according to Mastercard.
A New Type of Gift Card Emerged This Holiday Season 01/06/2021 07:41 pm NEW YORK—Amid the rush for gift cards during the most recent holiday season, a new type of gift card emerged in the market: for fantasy sports.
Research Finds Members, Employees Interact With Virtual Assistants, Bots in Different Ways 01/07/2021 07:45 pm PORTSMOUTH, N.H.–A new analysis offers some insights into how financial institution employees use conversational banking technology, including virtual assistants and bots.
Brian McVeigh, Long-Time Credit Union Exec, Dies at 59 01/07/2021 07:46 pm OKEMOS, Mich.–Brian McVeigh, who had a nearly 40-year career in credit unions, most recently as CEO of Adventure Credit Union, has died.
Alloya Corporate Launches New Link Education Series 01/07/2021 07:45 pm NAPERVILLE, Ill.––Alloya Corporate FCU has launched a new virtual education series, Link.
NAFCU Offers Summary of CFPB’s Final Rules on Qualified Mortgages 01/07/2021 07:42 pm ARLINGTON, Va.—NAFCU has summarized the CFPB's final rules on the general qualified mortgage (QM) definition and seasoned QMs, outlining key provisions and their impacts on credit unions.
Members at 10 Credit Unions to Vote on Merger Proposals Over Next Two Months 01/07/2021 07:47 pm ALEXANDRIA, Va.–Members at credit unions across the country will be asked to vote on mergers over the next few months.
Clarion FCU, Goldenwest CU Announce Special Year-End Dividends 01/07/2021 07:47 pm CLARION, Penn.–Clarion FCU has declared a $350,000 Special Bonus Dividend to its members, based on their relationships with the credit union during 2020.
NCUA Sends Letter on 2021 Operating Fees 01/07/2021 07:41 pm ALEXANDRIA, Va.—NCUA has sent a Letter to Credit Unions regarding adjustments to the 2021 operating fee schedule and announcing a 19.6 decrease in the operating fee for federal credit unions.
Rejections of Credit Card Applications Surge 01/07/2021 07:45 pm NEW YORK—Since June 2020, the likeliness of a credit card application being declined surged to 35.1% in October from 26%, according to data from the Federal Reserve of New York.
