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LAKE FOREST, Ill.—With the math and some analysts suggesting most financial institutions will eliminate overdrafts if the new CFPB overdraft proposal becomes a rule, one economist is recommending an “overdraft holiday” be held to highlight the importance of the service to consumers.

BOSTON–New research suggests consumers are increasingly turning away from traditional financial providers such as banks and credit unions for core products and instead turning to other providers, such as fintechs. But those traditional providers still have some strengths, the survey found.

RIDGECREST, Calif.–AltaOne FCU has selected PSCU/Co-op Solutions to provide it with debit and credit card processing services and support.

NEW YORK–Few industries have invested as much time and attention into “wellness” as have credit unions, but a new study finds many workplace wellness offerings have little positive effect, and some even have negative effects.

WASHINGTON– The Community Development Financial Institutions Fund (CDFI Fund) has released the application data for the fiscal year (FY) 2024 round of its Small Dollar Loan Program (SDL Program).