BRISBANE, Australia–A credit union here is proposing to merge with the Royal Automobile Club of Queensland as part of an effort to expand its offerings and market area and to respond to a financial landscape in Australia that is dominated by four large banks that control 78% of the retail market.
SCOTTSDALE, Ariz.–TruWest Credit Union said it has received an additional $500,000 from The Federal Home Loan Bank of San Francisco to support its “Workforce Initiative Subsidy for Homeownership” (WISH) program.
CINCINNATI—Lease credit approvals dipped again in March following an increase in February, according to Swapalease.com.
ALEXANDRIA, Va.–To help consumers protect their money and personal information from consumer financial fraud, whichaffects millions of Americans each year, NCUA said it will host a live Twitter chat on Wednesday, April 27, beginning at 11 a.m. ET.
PROVIDENCE, R.I.—College graduates with student loans spend nearly one-fifth (18%) of their salaries on student loan payments, according to new research from Citizens Bank on Millennials and student debt.
OMAHA, Neb.—Less than 40% of retailers can currently process chip cards, according to new reports.
NOTTINGHAM, U.K.—Young professionals who rent were hit with the biggest surge in identity theft during 2015, a new study reveals.
SCOTTSDALE, Ariz.–Since 2005 there has been a 397% increase in data exposure incidents across financial services, business, education, government and healthcare sectors, according to the Identity Theft Resource Center (ITRC).
WASHINGTON—The National Labor Relations Board has ruled against TruStone Financial Credit Union in a dispute over the CU’s decision to close two branch offices that were staffed by unionized employees, and then to reopen branches nearby with non-union employees.
ARLINGTON, Va.–Saying the move sets a “dangerous precedent,” NAFCU is stating its opposition to the Federal Housing Finance Administration announcing that Fannie Mae and Freddie Mac will offer a one-time principal reduction to an estimated 33,000 seriously delinquent, underwater borrowers.
