ARLINGTON, Va.—Total consumer credit rose 3.6% in July on a seasonally-adjusted, annualized basis, continuing its overall recovery and is up 0.7% versus a year ago.
Fresh Today
INDIANAPOLIS–The chairman of the Indiana Bankers Association is blasting credit union acquisition of banks in the state, saying the “tax implications are staggering.”
CHICAGO – More than eight in 10 U.S. adults (83%) are concerned about having their identity stolen, according to a new report, which further found the level of distress over ID theft occurring has increased for nearly one-third (32%) of Americans since the COVID-19 pandemic began.
LANSING, Mich.–The Michigan CU League is expressing support for a new state program called Futures for Frontliners that provides free access to higher education opportunities to the essential employees that went to work this past spring, including those at credit unions.
WASHINGTON—NAFCU and CUNA have written to members of a House Small Business subcommittee in advance of its hearing this week on how to kick start entrepreneurship and Main Street economic recovery.
TUCSON, Ariz.—Hughes Federal Credit Union has introduced new co-branded Visa debit cards with the Banner Health Foundation and Vail School District Foundation.
MEDFORD, N.Y.– Suffolk Federal has introduced a Sharks Checking Program in conjunction with the Suffolk Community College Foundation and Suffolk County Community College.
WASHINGTON—The Consumer Financial Protection Bureau has filed a lawsuit against Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc.; and Asset Acceptance Capital Corp.
Self-Help CU Selects CU Strategic Planning’s HERO Community Development Financial Counseling Program
DURHAM, N.C.–The $9.3 billion Self-Help Credit Union and its affiliated CUs have contracted with CU Strategic Planning for its HERO Community Development Certified Financial Counseling program.
DUBLIN, Ire.–Like credit unions around the world, this country’s CUs have seen a flood of deposits as a result of the COVID-19 pandemic. Unlike credit unions in many places, Ireland’s CUs have put a limit on the cash they will accept.