SAN FRANCISCO—If consumers spend less due to higher money anxiety caused by the partial government shutdown, the result could be a recession, a new analysis asserts.
Fresh Today
LAKE MARY, Fla.—The $1.8-billion Central Florida Educators FCU here announced it intends to merge in $174-million Fidelity Bank of Florida, based in Merritt Island, Fla.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has told NCUA it cannot support the agency’s fidelity bond proposal, arguing it will burden federal credit unions and federally insured state-charted credit unions, confuse directors’ understanding of their proper role, increase operating costs, and discourage qualified candidates from serving on credit union boards.
WASHINGTON—Credit unions will continue to benefit from the relatively strong economy in 2019, but CU performance could revert toward longer-term trends in coming months, according to the latest CUNA Economic and Credit Union Forecast for January 2019.
WASHINGTON–Two representatives from CUNA met here yesterday with Kathy Kraninger, director of the Consumer Financial Protection Bureau. The meeting was part of a financial services industry roundtable discussion.
WASHINGTON–With U.S. consumers holding more than $1 trillion in credit card debt, a new analysis offers insights into the true demographics of who owns credit cards, how much they charge on them, and whether they pay their balances on time.
LANSING, Mich.–Ken Bixby, the former CEO of the Michigan Credit Union League, has passed away.
NEW YORK–The biggest U.S. banks are reporting a banner year for profits during 2018.
PURCHASE, N.Y.—Mastercard is introducing rules for merchants that offer free-trials to make the process what the company is calling a “hassle-free experience” for consumers.
MT. PROSPECT, Ill.–Cummins Allison, a provider of coin, currency and check processing technology as well as ATMs, announced its complete line of ATMs have been Windows 10-certified with Jack Henry and Associates.