MADISON, Wis.–A new report is forecasting credit union loan growth of 9% in 2022 (even as the smallest CUs show negative growth), while the pace of deposits will slow and membership will rise slightly, according to CUNA Mutual’s Trends Report.
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REVERE, Mass.–Ten more credit unions have announced plans to have their members vote on a merger during the first quarter of 2022.
WASHINGTON— The U.S. economy rebounded in the fourth quarter and grew by 6.9%, according to the first estimate of economic activity for year-end 2021 from the Commerce Department.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has submitted a comment letter to NCUA regarding the agency’s 2022-2026 Draft Strategic Plan, saying several issues noted in the plan’s risk analysis warrant additional comment.
WASHINGTON—Consumers in 2021 reported losing about $770 million to fraud initiated on social media—about one fourth of all reported fraud losses for the year and an 18-fold increase from 2017, according to the Federal Trade Commission’s latest Consumer Protection Data Spotlight.
LAS VEGAS–Clark County CU said it is paying a $2.4-million bonus dividend to members, the eighth year it has made such a payout.
SMITHFIELD, R.I.– Navigant Credit Union said that for the 33rd consecutive year it is paying out a bonus dividend.
WASHINGTON– The Merchants Payments Coalition (MPC) has issued a statement saying a new study by Visa shows the importance of bringing “swipe” fees charged to process credit and debit cards under control as consumers and small businesses move away from cash and fees that “exacerbate record inflation in consumer prices.”
ARLINGTON HEIGHTS, lll.– Lending Solutions Consulting (LSCI) said it will host its popular Management Institute in Nashville May 10-11.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has released its annual list of consumer reporting companies, which it said identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing histories, or rental history records, often without their knowledge.