MIAMI—With the average interest rate on mortgages increasing in 44 of the 50 states between Q1 2024 and Q2 2024, consumers in Colorado experienced the biggest hits to their monthly payments, a new study shows.
Fresh Today
RALEIGH, N.C.—Members of the $56.5-billion State Employee’s Credit Union have voted to re-elect four incumbent directors, Business North Carolina reported.
WASHINGTON—The CFPB and Federal Reserve Board announced the 2025 dollar threshold adjustments for certain consumer credit and lease transactions subject to Regulation Z and Regulation M protections, as well as certain higher-priced mortgage loans, America’s Credit Unions reported.
WASHINGTON—Three Merchants Payments Coalition member associations have asked permission to take part in a lawsuit over Illinois’ new law banning credit card swipe fees on sales taxes and tips, saying merchants’ perspective is needed to understand the high cost the fees impose on small business and their customers, the MPC reported.
ST. PETERSBURG, Fla.—With credit unions and their members still recovering from Hurricane Irene, Velera reported it is preparing for the arrival of Hurricane Milton, currently a Category 5 storm expected to make landfall Wednesday night.
NEW YORK—Despite consumers struggling with inflation, a new study shows the average debt-to-income (DTI) ratio in America actually dropped between 2013 and 2023.
SPRINGFIELD, Ill.—The Illinois Attorney General has filed a brief in response to the challenge by America’s Credit Unions, the Illinois Credit Union League, and banking groups against the Illinois Interchange Fee Prohibition Act (IFPA), asserting “sovereign immunity,” among other things, America’s Credit Unions reported.
WASHINGTON—The Consumer Financial Protection Bureau said it is cracking down on “wrongful” auto repossessions.
WASHINGTON—Credit union champions on both sides of the political aisle are receiving millions of dollars in support from America’s Credit Unions and its newly established PAC, including $3.6 million in independent expenditures and member communications ahead of the Nov. 5 general election, ACU said.
PENSACOLA, Fla.--An office of Pen Air Credit Union was robbed late last week when a man walked in carrying a trash bag, demanding money, NorthEscambia.com reported.