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WASHINGTON—Attaching the CU-opposed Credit Card Competition Act to the Senate FY23 National Defense Authorization Act (NDAA) is inappropriate, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all 535 congressional offices.

MADISON, Wis.–The National Credit Union Foundation (the Foundation) said it has committed up to $225,000 from its CUAid program in response to the catastrophic destruction left by Hurricane Ian, primarily in Southwestern Florida.

ALEXANDRIA, Va.–In a rare move, two West Virginia credit unions just 30 miles apart have been placed into conservatorship on the same day.

ST. PETERSBURG, Fla. — For the fourth year in a row, debit remains the overall preferred way to pay by credit union members, although there is a discrepancy emerging between what members are reporting as their preferred payment method compared to what they are actually using, according to PSCU’s new 2022 Eye on Payments Study.

SAN JUAN, Puerto Rico—Inclusiv is reporting it has distributed $250,000 in Hurricane Fiona relief to employees of and volunteers for Puerto Rico’s cooperativas and credit unions, crediting the support of the National Credit Union Foundation’s CUAid disaster relief fund for providing the financial assistance.

ARLINGTON, Va.—Total consumer credit rose at a seasonally adjusted, annualized rate of 8.3% in August and is up 8.1% compared to a year ago.

WASHIINGTON–The International Monetary Fund is warning the world economy is headed for “stormy waters” as it has downgraded its global growth projections for 2023, going as far as to caution a harsh worldwide recession lies ahead if policymakers mishandle the fight against inflation.