DENVER—A Colorado bill that would bar interchange fees from being charged on the sales-tax portion of card transactions is advancing at the state capitol, opening a new front in the swipe-fee fight that has already put Illinois credit unions on alert.
Fresh Today
NEW YORK— Millennials are facing a growing number of simultaneous financial pressures and are increasingly uncertain that the strategies they are using to cope are working, according to new research from PYMNTS Intelligence.
WASHINGTON— U.S. consumers added $86 billion in credit card debt during 2025, pushing total balances to roughly $1.39 trillion, according to a new inflation-adjusted analysis from WalletHub based on the Federal Reserve’s latest G19 consumer credit data.
NEW YORK—Credit unions increasingly view fintech partnerships not as experiments but as a central strategy for innovation, according to the latest Credit Union Innovation Readiness Index, a collaboration between Velera and PYMNTS Intelligence.
WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a wide range of mortgage lending rules, and while the White House’s public messaging repeatedly emphasizes “banks” and “community banks,” America’s Credit Unions is stressing that credit unions are clearly intended to benefit from the relief, as well.
WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a range of mortgage lending rules, with the White House saying the move is intended to reduce compliance costs, revive community bank participation in home lending and make mortgages more accessible for creditworthy borrowers.
WASHINGTON--The $1.6-billion Financial Plus Credit Union has become the newest member of the Defense Credit Union Council.
WASHINGTON--In search of policy solutions to fight the increasing costs of fraud and scams, America’s Credit Unions’ Fraud Task Force met Thursday for its monthly meeting. The task force recapped Park Community Credit Union General Counsel Kate McKune’s testimony last week for a hearing on financial institutions working to prevent fraud.
WASHINGTON— Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday the Fed, FDIC and Office of the Comptroller of the Currency will soon unveil a broad package of capital-rule changes that would complete the final U.S. phase of Basel III while modestly easing the overall burden on large banks and reducing capital requirements somewhat more for smaller institutions.
TROY, Mich.--Fintechs are continuing to capitalize on a growing “soft switching” trend in financial services, with new J.D. Power data showing consumers increasingly opening secondary checking, savings and investment accounts—and in many cases quietly shifting their primary relationships over time.