WASHINGTON—The Defense Credit Union Council is warning Capitol Hill about “severe consequences” the Credit Card Competition Act (CCCA) could have on credit unions serving the military and the members they support.
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NEW YORK—Real-time cross-border payments are gaining significant momentum as global consumers increasingly rely on them for seamless transactions, a new study shows.
WASHINGTON—Single-family home prices increased 5.9% from Q3 2023 to Q3 2024, a deceleration compared to the previous quarter’s downwardly revised annual growth rate of 6.4%, according to the latest reading of the Fannie Mae Home Price Index (FNM-HPI). ‘
WASHINGTON—The Consumer Financial Protection Bureau has sued student lender Climb Credit, and its largest shareholder 1/0, for inducing students to take out loans by misrepresenting the quality of the training programs at their partner schools and making false claims about graduates’ hiring rates and salaries, the CFPB said.
NEW YORK–Yield Giving, MacKenzie Scott’s charitable organization, has provided Inclusiv with a $9-million grant.
ALEXANDRIA, Va.—NCUA’s succession planning proposal was the focus of a meeting with NCUA Chairman Todd Harper. America’s Credit Unions, state leagues, and 27 credit unions took part in the discussion, providing an opportunity to expand on comment letters filed on the issue, ACU said.
MIAMI—With mortgage delinquency rates ranging from 3% to 23%, depending on the city, Laredo, Texas, tops all other cities in the percentage of borrowers behind on payments, a new report shows.
HAMILTON, Ohio— A 75-year-old woman has been sent to prison for robbing a local credit union.
CLAREMONT, Calif.— Western CUNA Management School has changed its name to Western Credit Union Management School, the organization reported.
ST. PETERSBURG, Fla.—Velera has introduced the Miracle Momentum Awards, a program that invites credit unions across the country to nominate their local Children’s Miracle Network hospital to receive a $10,000 donation, the CUSO said.