ATLANTA–It appears the nation’s kids are contributing to all that liquidity in financial institutions by saving more and spending less.
Fresh Today
BASINGSTOKE, U.K.–A new study from Juniper Research has found that biometrics will authenticate over $3 trillion of payment transactions in 2025, up from just $404 billion in 2020.
WASHINGTON—The Small Business Administration (SBA) is reporting it has approved 891,044 Paycheck Protection Program loans, totaling more than $72 billion, since the program reopened earlier this year.
CAMBRIDGE, Mass.—A novel approach to repaying debt could help consumers free themselves from crushing credit card balances faster, according to new research.
SCOTTSDALE, Ariz.–There is a “wake-up call” for credit unions in the findings of a new study on where many Americans are increasingly doing their banking business and in why they have made the switch.
WASHINGTON–An “online experiment” conducted by the CFPB has found consumers would pay down credit card debt with savings–but not all the debt, preferring to keep some as a safety cushion.
LONDON–The “brand value” of the world’s largest banks has contracted for the second straight year, but “reputation redemption could signal a road to recovery in the aftermath of the pandemic,” according to a new analysis.
ARLINGTON, Va.–NASCUS has expressed strong support for an NCUA proposal that would allow credit unions to capitalize interest.
MILWAUKEE, Wis.–Corporate Central said it has been selected to participate in the Federal Reserve Banks’ pilot program for their upcoming instant payments offering, the FedNow Service. Some 110 organizations in all have been selected to be a part of the pilot.
WASHINGTON—After announcing participants in the FedNow Service's pilot program last week, the Federal Reserve has now released updated launch timing, indicating the Fed's real-time payments system will be ready in 2023.