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ST. LOUIS–A new survey reveals just how financially unprepared many Americans are for retirement, with one in 10 saying they believe they will never be able to retire.

WASHINGTON—The FTC is reporting it has temporarily shut down a credit card debt relief scheme operated by Sean Austin, John Steven Huffman, and John Preston Thompson and their affiliated companies, whichallegedly defrauded people of millions of dollars by falsely promising to eliminate or substantially reduce their credit card debt.

MILWAUKIE, Ore.—Clackamas Federal Credit Union said it is partnering with the city of Oregon City and Micro Enterprise Services of Oregon (MESO) to establish the Entrepreneurial Opportunity Loan Program, a pilot program designed to assist start-up businesses in Oregon City. 

CUPERTINO, Calif.—With traditional credit unions and banks already wary of its ever-expanding presence,  a new report says Apple is well-positioned to play an even larger role in the financial services market with its growing payments ecosystem.

TAMPA, Fla.–– Trellance is reporting that a partnership between itself and modern data quality platform provider DQLabs is opening the door for more credit unions to “access AI-enhanced solutions to observe, measure, and discover the data and analytics that matter.”

DUBLIN, Ireland—The global fintech market size reached $131.14 billion in 2021, according to a new report.

BRUSSELS, Belgium—Central bank digital currencies (CBDCs) may require a network of international deals to stop state-backed money from infringing on other countries’ sovereignty, according to European Union Commissioner Paolo Gentiloni.

INDIANAPOLIS–Indiana Members Credit Union (IMCU) presented a check for $883 to Johnson Memorial Hospital Foundation as part of an ongoing debit card giveback program.  

LAKE FOREST, Ill.—Just 23% of the 8,603 banks, credit unions, thrifts and fintechs that offer checking accounts make money on them, according to a new study. And the person behind the analysis is saying if various groups “continue their assault” on these transaction accounts, consumers will ultimately pay the price.

WASHINGTON— The Consumer Financial Protection Bureau (CFPB) is proposing certain nonbank financial firms be required to register with the Bureau when they become subject to certain local, state, or federal consumer financial protection agency or court orders.