Fresh Today

Fresh Today

BROOKLYN, N.Y.—While U.S. credit card usage is high—33% of adults own at least one or two credit cards and another 34% own three or more cards—Millennials are causing a slide in credit use.

WASHINGTON—The Senate Banking Committee here heard critiques of the CFPB’s complaint database as well as arguments on the Bureau’s regulation of the financial industry during a hearing on consumer finance regulations.

NASHVILLE—Innovation is being able to “see around the corner,” according to the co-founder of Square, who cautioned that financial institutions will soon see a significant advancement in the payments space that will likely make them “nervous.”

WASHINGTON—Going forward, NCUA should strive to achieve measurable and reportable forms of regulatory relief for credit unions, CUNA said in a letter to the agency this week.