ST. PETERSBURG, Fla.—Consumer spending growth remained strong throughout March, PSCU is reporting, although debit spend was “soft.”
Fresh Today
PITTSBURGH — Jessica Malaskovitz, president and CEO of Greater Pittsburgh Police FCU, has died. Ms. Malaskovitz was just 35 and was the mother of a two-year-old son.
WASHINGTON— Accusing the company of leaving families “high and dry,” the Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James have filed a lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc. (MoneyGram)—one of the largest remittance providers in the U.S.—for systemically and repeatedly violating various consumer financial protection laws.
DENVER– Denver Community Credit Union has introduced a new name and new branding. The $445-million DCCU will become Zing Credit Union effective April 21.
MADISON, Wis.–The 36 hours spent recently in Rzeszow, Poland by representatives of the World Council as they looked for ways to help people in Ukraine are featured in the latest podcast released by WOCCU.
WASHINGTON—Economic damage from the war in Ukraine will contribute to a significant slowdown in global growth in 2022 and add to inflation, the International Monetary Fund (IMF) stated in its latest assessment of the world economy.
SPARTANBURG, S.C.–Carolina Foothills FCU is reporting it is seeing strong response to its Financial Inclusion Mortgage for First Time Homebuyers program, created to meet the financial needs of minority and low-income borrowers.
HAMPDEN, Maine–The challenges facing credit unions and banks in hiring and retaining front-line staff were featured in one news report here.
CHARLOTTE, N.C.—Bank of America is now offering new secured credit options targeting small businesses, including a credit card and credit line, as well as new digital resources.
ALEXANDRIA, Va.–During its meeting here the NCUA board got an update on the agency’s progress internally when it comes to improving diversity, equity and inclusion (DEI), but one board member said DEI must extend beyond its own operations, sharing as an example one group that was seeking to organize a new FCU to serve an underserved community that eventually gave up.