NEW YORK—Nearly six-in-10 businesses globally (57%) say they expect to never be entirely cashless. despite the widespread adoption of electronic, card and mobile payments, a new study shows.
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FRANKFURT, Germany—A new study reveals 86% of Germans are open to a Euro central bank digital currency (CBDC).
GREENWOOD VILLAGE, Colo.—Empower Finance is buying Petal, the credit card issuer that originally made headlines by promising to help customers build their credit inexpensively—yet ended up downgrading some of those same customers to cards charging numerous fees, according to a new report.
RICHLAND Wash.–Gesa Credit Union said it is acquiring Centralia, Wash.-based Security State Corp., the holding company of Security State Bank.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.
WASHINGTON—Should the broad upward movement in mortgage rates be sustained, housing activity is expected to slow modestly compared to previous projections, according to the May 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
ORLANDO–With pressure to find more non-interest income, especially with market pressures on overdraft fees, three credit union finance professionals shared what they are doing to add to the bottom line.
WASHINGTON—The creation of a central bank digital currency (CBDC) raises privacy concerns, America’s Credit Unions told the House. Separately, the trade group also expressed opposition to any amendments to the National Defense Authorization Act (NDAA).
SANTA ROSA, Calif.–Community First Credit Union has alerted members it has been hit by a data breach. CFCU said the breach may have involved Social Security numbers, names and account information, according to the North Bay Business Journal.
BOULDER CITY, Nev.–CU Pride said it has chosen “redefining DEI” as the theme for CU Pride Month in June.