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LAKE JACKSON, Texas—One credit union that has agreed to purchase a billion-dollar bank says two of the reasons for the decision are peer-to-peer CU mergers are difficult, and scale is increasingly necessary to compete.

WASHINGTON–Economic activity in the U.S. continued to expand from early April to mid-May, but conditions varied across industries and Federal Reserve districts, according to the newest Beige Book report from the Fed.

WASHINGTON — The Consumer Financial Protection Bureau (CFPB) has launched what it is calling a “public inquiry” into junk fees it said are increasing mortgage closing costs.

FORT WORTH, Texas–In what has become a case of legal déjà vu, a lawsuit over the CFPB’s credit card late fee cap in a Texas court that was just transferred back to a Washington, D.C., court, is staying put, at least temporarily. This marks the second time the same events have occurred.

NEW YORK—A growing number of Americans are maxed out on their credit cards, new data show.

ELGIN, Ill.– Kane County Teachers Credit Union said it is now offering buy now, pay later (BNPL) financing to members.

COSTA MESA, Calif.–While digital wallets continue to grow at an “astonishing pace,” the debit card is still king when it comes to overall utilization and customer satisfaction, according to new data released by J.D. Power data.

HOUSTON–A new survey of companies across the country said it has discovered that an “alarming” one-in-three organizations have paid off cybercriminals following a breach in order to either regain control of data or their systems.

MADISON, Wis. – The Filene Research Institute is marking its 35th anniversary of incorporation this year and has planned a celebratory event for July.

PLANO, Texas–Crypto platform NYDIG’s unexpected exit from the credit union space may have reduced CUs’ interest in cryptocurrency for a while, but that interest is returning as credit unions seek ways to retain deposits and relationships as the struggle for liquidity persists, according to the Cornerstone League.