CHICAGO– Credit card debt is now at a historical high, driven in part by Millennials further building on their credit portfolios, according to the newly released Q4 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion.
Fresh Today
WASHINGTON–The next few weeks could mark the last time any substantial legislation is passed by Congress until after the November elections, according to credit union Hill advocates.
WASHINGTON–Both sides of Congress will be in session this week, with credit unions and others watching progress on a spending and aid package, as well as a number of hearings in the House.
WESTBURY, N.Y.–With a commercial about “Jovia-itis,” Jovia Financial Credit Union used the Super Bowl to launch an expanded brand awareness campaign.
MADISON, Wis.–With the rapid rise in popularity and use of TextGen AI and “constant hype surrounding its potential future impact on different industries—even financial services,” the first report from Filene’s Center for The Credit Union of the Future has been released.
WASHINGTON—The Department of Veterans Affairs is being urged to align its VA Home Loan Guaranty Program minimum property requirements (MPRs) with the property condition standards of Fannie Mae and Freddie Mac (GSEs).
LOS ALAMITOS, Calif.–Two California credit unions have announced plans to merge.
WASHINGTON—In response to FinCEN’s request for comment on collection of beneficial ownership (BOI) access information—which outlines the method by which financial institutions provide certification to FinCEN when requesting access to the database--America’s Credit Unions is urging credit unions to “help shape the discussion.”
MADISON, Wis. – The National Credit Union Foundation has announced the addition of four new members to its board, as well as the reappointment of four others.
DUNDRUM, Ireland–The Central Bank is probing an IT outage at one of this country’s largest credit unions after members were left unable to access their online accounts for days.