NEW YORK–Household debt in the U.S. was up 1.1% during the first quarter, due largely to increased mortgage borrowing, according to the Federal Reserve Bank of New York.
Fresh Today
WASHINGTON—NAFCU has sent a letter to the House stating its support for language in the FY 2017 Financial Services & General Government Appropriations Bill that would replace the sole director of the CFPB with a bipartisan five-person commission.
WASHINGTON–Three members of the U.S. Army National Guard have been arrested and charged with a scheme to use bitcoin to purchase stolen credit card numbers in order to make fraudulent purchases from a number of military bases.
IRVINE, Calif.—During April median investment home prices, which include financed and non-financed properties, soared 12.5% to $203,000, while owner-occupied median home prices rose 5.3% to $251,900, according to new data released by HomeUnion.
BIRMINGHAM, Ala.—Researchers in the United Kingdom are working on a new form of mobile banking identity verification that analyzes each user's individual body language. The program assesses how people hold, type or swipe their mobile devices in order to authorize transactions.
WASHINGTON—NAFCU lauded House leadership, including House Financial Services Committee Ranking Member Maxine Waters (D-CA), for their support of HR 1188, the “Credit Union Small Business Jobs Creation Act.”
SAN FRANCISCO–A start-up that helps consumers to pay off high-interest credit cards is encountering some struggles as it seeks to get off the ground.
COSTA MESA, Calif.—Seventy-one percent of this year's college graduates did not receive credit or debt management classes, even though 69% of them will have to pay back student loans after graduation, according to a new report.
HOUSTON–First Service Credit Union has purchased a six-story building in the West Houston Energy Corridor as its new headquarters.
ARLINGTON, Va.—NAFCU is backing a rule allowing corporate credit unions to have a correspondent relationship with the Central Liquidity Facility.