ST. PETERSBURG, Fla.–Even though high inflation is affecting everything from energy prices to groceries, consumer purchasing activity during September showed continued resilience in both credit card and debit card volume, according to the October 2022 edition of the PSCU Payments Index.
WASHINGTON–The Federal Trade Commission is investigating whether Visa’s and Mastercard’s security tokens restrict debit-card routing competition on online payments, according to a new report.
EATONVILLE, Fla.–Unity of Eatonville FCU is celebrating its official opening this week. The credit union was officially granted its charter and share insurance fund coverage in December of 2021.
NAPERVILLE, Ill.–A record-breaking 78 Illinois credit unions and partners joined forces with the Illinois Credit Union League (ICUL) to participate this year in CU Kind Day, a state-wide initiative to spread kindness, according to the league.
WASHINGTON–More than four-dozen members of the Cornerstone Credit Union League met with CFPB Director Rohit Chopra, during which the discussion touched on auto loans, overdraft protection programs, rulemaking, and ways to engage with the Bureau.
BOSSIER CITY, La.–Barksdale FCU said it has completed its purchase and assumption of Greenbrier, Ark.-based HomeBank of Arkansas.
SPOKANE, Wash.— Two families will soon purchase their new homes in East Central Spokane in partnership with Habitat for Humanity and volunteer support from 19 local credit unions here.
LONDON—Transparency International is warning that more than one in ten of all limited liability partnerships (LLPs) ever registered in Britain bear the “hallmarks of shell companies used for serious financial crimes.”
FOND DU LAC, Wis.–As a part of its ongoing Educational Webinar Series, Info-Pro Lender Services’ said its next event will focus on how credit unions can “streamline their mortgage release process” by outsourcing those functions.
NEW YORK—More than 67% of college undergraduate students have a credit card in their own name, and a little over 9% have access to a credit card as an authorized user, according to a mid-September survey from U.S. News.
