Payfinia CUSO Launches, Backed By Multi-Million Investment From CU 11/17/2024 07:52 am PORTLAND, Ore.—Payfinia CUSO, which supports an open payments platform for credit unions, has opened its doors for business backed by a $4.5-million investment from Star One Credit Union, the organization reported.
U.S. Credit Card Debt Hits New High 11/17/2024 08:13 am NEW YORK—U.S. consumers’ credit card debt continues to rise, reaching a new record high at the end of September, according to a new report from the New York Federal Reserve.
DCUC: CUs Should Be Included In Deposit Insurance Coverage Expansion Talks 11/18/2024 06:56 pm WASHINGTON—Citing CFPB Director Rohit Chopra’s recent comments regarding a proposed expansion of deposit insurance coverage, the Defense Credit Union Council (DCUC) is urging the CFPB’s leader not to conduct these discussions in a “vacuum” without credit union input.
‘Hands-On’ Lenders Faring Best With Mortgage Customers 11/18/2024 06:53 pm TROY, Mich.— Persistently high rates—reaching 6.9% in November—combined with steadily rising housing prices have put a strain on mortgage customers, a new study shows.
Holiday Spending Budgets Expected To Rise By Nearly $3,000 11/18/2024 06:53 pm BASKING RIDGE, N.J.— A new study reveals families will spend nearly $3,000 more on holiday expenses from Thanksgiving through New Year’s Day.
Rural Housing Demand Shows ‘Persistent’ Increase Since The Pandemic 11/18/2024 06:56 pm WASHINGTON—A new study shows that consumers continue to exit cities in favor of country homes.
FDIC’s Gruenberg To Retire 11/19/2024 12:38 pm WASHINGTON—FDIC Chairman Martin Gruenberg plans to retire from the agency, effective Jan. 19, Reuters reported.
