Noncash Payments Hit $178 Trillion In 2015 12/29/2016 07:56 pm WASHINGTON—U.S. noncash payments totaled more than 144 billion with a value of almost $178 trillion in 2015, up almost 21 billion payments or about $17 trillion since 2012, according to the 2016 Federal Reserve Payments Study.
Debt Collection Continues To Top Consumer Complaints 12/29/2016 07:57 pm WASHINGTON—Debt collection continues to top consumer complaints submitted to the CFPB, as it was the most-complained-about financial product or service in the Bureau’s November complaint snapshot.
Diversified Members CU Introduces CO-OP’s CardNav 01/05/2017 07:53 pm DETROIT–Diversified Members Credit Union here has introduced the new CardNav by CO-OP app, which empowers its debit cardholders to manage their cards by “remote control” from their smartphones or tablets.
Spud Hut: As The Potato Drops, CU’s Tent Will Help Keep Folks Warm 12/29/2016 07:58 pm BOISE, Idaho–On New Year’s Eve here, Mountain America Credit Union will be hosting a new, heated “family tent” on-site at the fourth annual Idaho Potato Drop.
In 1 Country, Apple Removes Support For Bank Transfer Payments 12/29/2016 07:58 pm BERLIN–Apple has removed support for bank transfer payments, also known as prepayment, from its online store in Germany.
Some Student Loan Borrowers Find A Technicality In Bankruptcy Law 12/29/2016 07:59 pm WASHINGTON–Some borrowers have begun to win bankruptcy court fights and been allowed to cancel private student loans.
Two More CUs Earn Juntos Avanzamos Designation; Goal To Hit ‘Cien’ In 2017 01/05/2017 07:54 pm DES MOINES, Iowa–Two more credit unions earned the Juntos Avanzamos designation during the fourth quarter of 2016, bringing to 32 the number of CUs so recognized to date.
CU*Northwest Reports Successful Production Disaster Recovery Test 12/29/2016 07:59 pm LIBERTY LAKE, Wash.–CU*NorthWest, an information technology cooperative CUSO, reported it participated in a successful production disaster recovery test of its high availability replication environment.
NCUA Consulting Will Help 153 Small CUs 01/05/2017 07:55 pm ALEXANDRIA, Va.—NCUA will provide consulting services to 153 small, federally insured credit unions during the first half of 2017, the agency announced Thursday.
Former Credit Union CEO Gets Prison Sentence 01/05/2017 07:55 pm WESTLAND, Mich.–The former manager of a credit union here has been sentenced to between two and 20 years after being found guilty of stealing from the CU.
