WASHINGTON — With credit unions celebrating International Credit Union Day, a new survey released by the American Bankers Association has found U.S. consumers are generally “unaware of the differences between banks and credit unions” and believe credit unions should be “held to the same standards as the banks they compete with for customers every day,” according to the trade group.
WASHINGTON– After indicating it may consider the issue, both the National Retail Federation and the Merchants Payments Coalition are urging the Federal Reserve to approve lowering its 21-cent cap on debit card “swipe” fees when its Board of Governors meets next week to consider proposed regulations on the issue.
RANCHO CUCAMONGA, Calif.— Economic uncertainty led to flat consumer spending in September, Co-op Solutions is reporting.
LANSING, Mich. — A number of credit unions in members are providing assistance to members being affected by the UAW Strike, which began in mid-September and which continues to expand.
WASHINGTON—CFPB Director Rohit Chopra joined NAFCU President and CEO Dan Berger for a virtual town hall discussion during which the agency’s leader said he does see the difference between CUs and banks.
MADISON, Wis.— CUES plans to celebrate its members and honor its award winners and CUES Hall of Fame inductees online today during the CUES Member Appreciation & Awards Event. The event, sponsored by TruStage, is free and open to all CUES members.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has taken action against one of the best-known fintechs, Chime, for deceiving consumers about the speed and cost of remittance transfers through its mobile app, Sendwave.
RICHMOND, Va.—NAFCU, CUNA, and the Virginia Credit Union League have filed a joint amicus brief in the 4th Circuit Court Appeals case, Studco Buildings Systems v. 1st Advantage Federal Credit Union.
PHILADELPHIA–A federal court here has given preliminary approval to a proposed $37-million settlement—including lawyers’ fees—in a lawsuit filed by a number of credit unions against Wawa over a 2019 data breach.
ALENA, Mich.–Bigfoot can now be found at Northland Area FCU, which has introduced a character and program aimed at providing financial education to kids called “Buck E. Bigfoot.”
