NEW YORK–Loan approval rates at institutional investors and small banks improved in March 2017, while the same ratio is faltering at credit unions, according to the latest Biz2Credit Small Business Lending Index, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com.
COLUMBUS, Ohio–CME Federal Credit Union said it has entered into a partnership with Apprisen to help build financial health in the Columbus community.
SEATTLE—Starbucks has announced plans to open a mobile-order-only coffee shop here.
STAMFORD, Conn.—A new report indicates that older Millennials are higher users of digital banking than their younger counterparts.
LONDON—The U.K.’s Financial Conduct Authority (FCA) has proposed new legislation that would require credit card companies to cancel interest and charges for individuals with longstanding debt.
WASHINGTON—Congress has until April 28 to pass a bill authorizing continued federal government spending to avoid a government-wide shutdown. The government is currently running on a continuing resolution that passed Congress in December.
ATLANTA–The National Federation of Community Development Credit Unions and Equifax have partnered to open the On the Rise Financial Capability Center in this city’s historic Westside communities.
SUMTER, S.C. – Darrell Merkel, who retired as executive VP from SAFE FCU in 2014, has returned to the credit union as president and CEO.
MADISON, Wis. – CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group, said it has made an investment in Chicago-based, MortgageHippo, Inc., a financial technology startup that provides a digital mortgage platform to guide consumers through every step of the mortgage origination process.
WASHINGTON—Credit card debt crossed the $1-trillion threshold in the U.S., joining auto loans and student debt in hitting numbers with 12 zeros, and rising to its highest mark since the nation's last recession.
