WASHINGTON–A relatively new trade group for consumer credit professionals is saying that while it’s good news consumer borrowing is surging, the bad news is “millions of Americans” are going to discover errors in their credit reports and are going to be denied access to credit.
ARLINGTON, Va.–A number of trends continue to nibble away at credit unions’ non-interest income, an issue that NAFCU’s economist said the trade group is monitoring.
WASHINGTON–Credit unions and other market-watchers will be paying attention to congressional testimony by Federal Reserve Chairman Jay Powell this week to see whether he departs in any way from his previously stated views on inflation.
WASHINGTON–Both the House and the Senate are in session this week. The House no legislative business on the agenda and will instead be in a committee work week, while the Senate will consider several executive branch nominations, including one involving a former CUNA exec.
WASHINGTON– The Merchants Payments Coalition is saying it welcomes a new executive order from President Biden and wants to see it applied to address what it said is a “lack of competition” in the payments market.
ATHENS, Ga.–The Southeast Regional Credit Union Schools (SRCUS) is reporting two student groups have been recognized for outstanding white papers during the 2021 session of the Southeast CUNA Management School.
BOULDER CITY, Nev.–A new Underground Collision meeting themed “We are the World” will be held today and will feature, in part, a Q&A with CUNA Mutual’s CEO hosted by a sixth grader.
PORTLAND, Ore. – Credit unions are getting into the nascent field of non-fungible tokens (NFTs).
DENVER –Colorado’s governor has signed into law a bill that will allow merchants to impose a surcharge for people who use a credit card to pay for sale or lease.
PURCHASE, N.Y.– Quorum Federal Credit Union has named Jeffrey Pachter, who currently serves as president, as the CU’s next president and CEO, effective Feb. 1, 2022. Pachter will succeeds Bruno Sementilli, who announced his retirement after 38 years.
