NEW YORK–Just how underwater some people are getting in their auto loans—including at credit unions–was made clear in a new report that illustrates the dangers of rolling one auto loan into another (and sometimes, another).
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BOSTON—A new report reveals the use of mobile wallets by U.S. consumers has rebounded to 2016 levels or higher after a two-year decline.
ABU DHABI, United Arab Emirates—After five years of development, reports indicate China in a matter of months could launch a digital yuan. But bankers and financial industry professionals surveyed at an industry conference still believe the United States will be the first to create a global digital currency.
NEW YORK—If the credit union wants to keep its Millennial credit cardholders, it may want to consider some new card perks, a new report suggests.
LAWRENCEVILLE, Ga.—In what may be a bad sign for used values as the holiday season arrives, used car prices showed a big drop last week, Black Book reports.
WASHINGTON—NAFCU and CUNA have both provided lawmakers with feedback on a number of bills currently being considered by the House Financial Services Committee.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices increased 0.4% in October following flat inflation in September, while other new data show household debt continues to grow.
BEIJING, China—Former U.S. Federal Reserve Chairman Alan Greenspan this week said central banks have no reason to issue digital currency.
MADISON, Wis.— Summit Credit Union said it is paying out to members a $2.4 million patronage dividend, which it calls a “Cash Boomerang.”
NEW YORK—Goldman Sachs has been handing out a lot of new credit lines for the Apple Card, regulatory filings show.