WASHINGTON — For the fourth year in a row, U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association.
Fresh Today
NEW YORK–Should mortgage rates remain at 8% and higher for an indefinite period, home prices are going to take a hit, according to Morgan Stanley.
ST. LOUIS–The ongoing increases in rates aren’t helping the 61% of Americans who say they are in credit card debt and who say they owe, an average, $5,875, according to a new survey.
WESTBROOK, Maine–With this state still feeling “shock” over the mass shooting in Lewiston that claimed the lives of 18 people and which injured 13 others, Cris Wescott, president and CEO of the Maine league said there are “no words that can capture the sadness we are feeling…Scenarios like this are everyone’s worst nightmare and certainly not the type of incident we expect here in Maine.”
ALEXANDRIA, Va.–Herbert “Bertie” Bowman, an icon on Capitol Hill and long-time board member of U.S. Senate FCU—after whom the credit union’s new headquarters is named—has died. Mr. Bowman was 9
WASHINGTON–CUNA has released a new report showing the percentage of women in CEO positions is significantly higher at credit unions than banks.
WASHINGTON– The Merchants Payments Coalition, which is currently lined up in support of the Credit Card Competition Act that credit unions oppose, said the “soaring profits” just reported by Visa and Mastercard “are further evidence the credit card market is broken and not competitive.”
RALEIGH, N.C. –Coastal Credit Union is reporting it has added two new enhancements to its deposit products, particularly for checking account holders.
MADISON, Wis.–Filene said it will host a webinar in early November to discuss the initial results of its Member Voice Survey, which it calls a “comprehensive new tool” designed to analyze member engagement.
WASHINGTON—A group of 105 members of the House of Representatives, led by Elizabeth Warren (D-MA), have sent a letter to President Biden expressing their concerns about the potential misuse of cryptocurrency in financing terrorism.