WASHINGTON—The Consumer Financial Protection Bureau will convene its Consumer Advisory Board (CAB) on Dec. 10, for a public virtual meeting focused squarely on fair-lending issues and the growing debate over “debanking,” according to a notice published in the Federal Register.
Fresh Today
PURCHASE, N.Y.—Holiday shoppers are opting for convenience over chaos, planning earlier, comparing smarter and maximizing their budgets with loyalty rewards, sales events and a little help from smart tech, according to Mastercard’s first-ever Shopper Snapshot, a survey of more than 4,000 consumers in the U.S., Canada, U.K. and UAE by the Harris Poll.
NEW YORK—U.S. outbound remittances are expected to grow only modestly in 2026—a shift credit unions with active remittance programs will want to watch closely.
SAN FRANCISCO— U.S. retailers are heading into the 2025 holiday season with tempered expectations, as multiple forecasts point to modest sales growth driven largely by higher prices rather than stronger consumer demand.
WASHINGTON--Following the Trump Administration's recent filing arguing the CFPB is legally prohibited from receiving additional Federal Reserve funds and will soon exhaust currently available funds, reports Thursday indicated that the Bureau plans to transfer all litigation activities to the Department of Justice as a result, America's Credit Unions reported.
WASHINGTON—America’s Credit Unions President and CEO Scott Simpson says the American Bankers Association’s latest push to reopen debate over the credit union tax exemption is not only unsurprising—but a “tragic waste of public energy” at a time when the nation has far more pressing issues to confront.
WASHINGTON—The Defense Credit Union Council is sharply criticizing the American Bankers Association’s new survey calling for Congress to revisit the credit union tax exemption, arguing the banker-backed data is “selective,” “one-sided,” and aimed at undermining the member-owned model that lawmakers have repeatedly upheld.
PLANO, Texas— Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data.
ST. LOUIS — Agricultural lenders report signs of tighter conditions in farm profitability and credit quality in 2025, according to a joint survey conducted by the American Bankers Association and the Federal Agricultural Mortgage Corporation, or Farmer Mac.
PASADENA, Calif.-- Wescom Financial is partnering with ForgiveCo to erase $10 million in consumer debt for Californians residing in areas that were most heavily impacted by the Southern California wildfires that took place in earlier this year, the CU reported.