ARLINGTON, Va.—Total consumer credit grew 2.2% in September at a seasonally-adjusted, annualized rate and is up 3.5% compared to a year ago, according to new data from the Federal Reserve.
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YUMA, Ariz. — The $384.8-million A.E.A. Federal Credit Union is buying the $80.5-million West Valley National Bank, headquartered approximately 170 miles away in Goodyear, Ariz., near Phoenix.
WASHINGTON—Both CUNA and NAFCU have sent letters to the Hill in support of various pieces of legislation.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continues to depress overall sentiment, Fannie Mae reported.
ANACONDA, Mont.–Southwest Montana Community FCU has named a new president/CEO.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has ordered Citi to pay $25.9 million in fines and consumer redress for intentionally and illegally discriminating against credit card applicants the bank identified as Armenian American.
WASHINGTON—There needs to be greater “market discipline” in what’s known as the shadow banking sector, according to CFPB Director Rohit Chopra.
PURCHASE, N.Y.—Just as was warned during the recent NCUA board meeting that cybersecurity threats are rising, Mastercard is offering financial institutions what it says are new methods to combat fraud.
FRANKFURT, Germany—The European Central Bank (ECB) has moved to the next phase of the digital euro project: the preparation phase, the Governing Council for the bank reported.
NEW YORK—Small businesses are increasingly relying on their credit cards to fund expenses in the current economic climate, a new report based on Intuit data reveals.