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JACKSONVILLE, Ark.­–Arkansas FCU here says a move by the state’s bankers to shut it out as a lender in a local development will cost the credit union $400,000 in income over the next six years.

WASHINGTON—A new study indicates that most Americans use traditional bank and credit union savings accounts to save and save automatically—however, those under age 25 are less likely to choose CU for savings.

WASHINGTON—The FTC has taken action against operators of a fraudulent debt collection scheme who collected millions in “phantom” payday loan debts.

LOMBARD, Ill.—The threat to banks and credit unions from alternative finance companies may not be that great right now, when consumer sentiment is considered.

ALEXANDRIA, Va.–While the NCUA board voted 3-0 to raise the definition of “small” credit union to $100 million in assets, as CUToday.info reported here, that didn’t keep two of the board members from debating a point in the lead-up to that vote.

WASHINGTON–Fannie Mae is projecting “modest improvement” in the U.S. economy through the remainder of the year. It is also offering a forecast for the housing market that calls for reductions in mortgage originations during 2016.

ALEXANDRIA, Va.—NCUA Thursday liquidated SWC Credit Union located in Tampa, Florida.

ALLENTOWN, Penn.—Most Americans are still unaware of what a chip card is, a new study reveals.