ARLINGTON, Va.—Total retail sales grew 0.3% in November after increasing 1.8% in October, and one economist believes the data could indicate inflationary pressures are easing.
Fresh Today
NEW YORK–There are a total of 416 community development financial institution (CDFI) credit unions in the U.S. as 2021 comes to a close, the highest number in history, according to Inclusiv.
ROYAL OAK, Mich.–Several more C-suite positions have been added to CUToday.info’s free job board, The Gig.
NAIROBI, Kenya–Digital banking startup Kwara has raised $4 million in a seed funding round to further develop its neobank app in Kenya as it seeks to turn traditional savings cooperatives into modern digital banks, according to the company.
CHICAGO–The globe’s best financial institutions when it comes to “outside-the-box thinking in breakthrough technologies, state-of-the-art design and implementation, that drive efficiency and enterprise profitability” have been announced.
DALLAS—Consumers in 2022 intend to send remittances at the same levels they did in 2021, a new study from MoneyGram International is forecasting.
NEW YORK—Chase has entered into a new partnership that offers statement credits to cardholders who use an online service that says it says delivers thousands of products to consumers for a nominal fee.
PURCHASE, N.Y.–Retail sales in the United States jumped nearly 11% this holiday season compared with the holiday period in 2019, the year before the pandemic upended the global economy, according to a new Mastercard analysis.
WASHINGTON–Americans’ personal income may have increased $90.4 billion (0.4%) in November, but they’re paying nearly 6% more for common goods and services compared with one year earlier, according to estimates released by the Bureau of Economic Analysis (BEA).
TACOMA, Wash.– TAPCO Credit Union has named a new CEO.