PayPal Says Retailers Will Be Able To Accept Payments Via Venmo 10/22/2017 05:13 pm SAN JOSE, Calif.—PayPal Holdings Inc. said more than two-million U.S. retailers now will be able to accept payments through its mobile app Venmo.
Acting Comptroller Of Currency Critical Of CFPB Plan For Arbitration Clauses 10/22/2017 05:14 pm WASHINGTON—The acting Comptroller of the Currency is hammering the Consumer Financial Protection for its final rule on arbitration clauses. Keith Noreika, writing in an op-ed in The Hill, said the rule does little to help consumers and will only drive up credit costs.
On World Savings Day (Coincidence That It’s Also Halloween?), 1 Country Doing Well 10/30/2017 07:52 pm SYDNEY, Australia–Three in four Australians today (74.4%) say they regularly maintain a budget, compared to just 59% of Australians back in 2005, according to new research by Gateway Credit Union.
McWatters Talks FOM, Including Online Communities, In WSJ Interview 10/23/2017 03:07 pm ALEXANDRIA, Va.—NCUA Chairman J. Mark McWatters said he believes Congress should allow credit unions to serve communities that exist only online. Such a change would better reflect today’s society, McWatters said.
Members, Volunteers From Montana’s CUs Donate More Than 2,000 Hours In Just 19 Days 10/22/2017 05:15 pm HELENA, Mont.–Members and staff from credit unions around Montana donated 2,285 hours of their time during the first 19 days of October as part of the Keep the Change, Give Your Time campaign.
Just What Is Zelle? Mass Media Campaign Seeks To Let People Know 10/30/2017 07:53 pm SOTTTSDALE, Ariz.–Zelle, the P2P response by big financial institutions–including credit unions–to the competitive threat from Venmo, has introduced its first marketing effort.
No Recession On The Horizon, Hampel Tells Catalyst’s Economic Forum 10/22/2017 05:15 pm PLANO, Texas–There will be no economic recession in the near term, according to CUNA’s former chief economist, Bill Hampel.
Too Many Banks? Community Bankers React Strongly To Big Bank CEO’s Comment 10/22/2017 05:15 pm WASHINGTON–A trade group representing America’s community banks is denouncing a statement made by the CEO of one of the biggest financial institutions in the U.S. that there are too many banks in the country.
FICUs Report Big Gain In Non-Federally Guaranteed Student Loans 10/30/2017 07:54 pm WASHINGTON—Federally insured credit unions reported almost $4.1 billion in outstanding non-federally guaranteed student loans as of June 30, 2017. This is up 12.1% from a year ago, according to a new report.
Here’s What Economists See (And Don’t See) For CUs In Latest Economic Numbers 10/30/2017 07:54 pm WASHINGTON–Two CU economists are predicting that announcements coming later this week will show economic growth well above projections, but neither expects the Fed to move on rates just yet.
