Advanced search

ELYRIA, Ohio–CommStar Credit Union has named a new CEO.

WASHINGTON—The CFPB’s latest monthly complaint snapshot shows the most common complaint about debt collection has to do with attempts to collect on a debt that the consumer says is not owed.

HARRISBURG, Penn.–Two more credit unions have announced year-end bonuses and rebates.

CYBERSPACE–Big swings in currencies around the globe, combined with uncertainties over how some governments might act moving forward, has led to a surge in the value of Bitcoin.

WASHINGTON–Americans closed out 2016 with higher economic confidence than they have reported since 2008, according to Gallup's Economic Confidence Index, which averaged +9 in December, up eight points from November.

WASHINGTON—The new Congressional leadership has begun to take place, including new members of the Senate Banking Committee.

WASHINGTON—The Federal Reserve expects the economy to grow somewhat faster over the next several years, but does not believe the election of Donald Trump as president will lead to a boom, according to documents released from its mid-December meeting.

LARKSPUR, Calif.–Financial institutions can no longer count on higher interest rates alone to attract term deposits during times of economic slowdown, which will require changes in the pricing models of deposits and liquidity management, according to a new study.

MUSKEGO, Wis.–Citing a strong 2016 financial performance, Corporate Central Credit Union is paying its member credit unions a 5.55% dividend on all perpetual contributed capital (PCC) balances for the month of December. The payment is the highest in Corporate Central’s history.

MADISON, Wis.—Summit Credit Union here has declared a $1.9-million dividend to more than 46,000 of its members as part of a program it calls “Cash Boomerang.”