ARLINGTON, Va.—Total consumer credit grew 4.3% in June at a seasonally-adjusted, annualized rate and is up 5.7% compared to a year ago, NAFCU reported, citing Federal Reserve data.
Fresh Today
WASHINGTON—Americans are feeling pretty pessimistic when it comes to purchasing a home.
NEW HAVEN, Conn.–Connex Credit Union has become the latest to be hit with a lawsuit over its overdraft practices, with the plaintiff seeking class action status. Among the law firms representing the plaintiff is a firm that has been involved in numerous similar lawsuits.
NAPERVILLE, Ill.–The recent #ILoveMyCreditUnion social media campaign saw approximately 30,000 engagements that reached nine million people around the world, according to the Illinois Credit Union System (ICUS), which organized the initiative aimed at raising awareness of credit unions.
MIAMI–U.S. households paid off approximately $170 billion in debt during the second quarter, according to WalletHub’s Household Debt Report.
MENTOR, Ohio– Cardinal Credit Union said it is partnering with the Cleveland Browns as the official credit union of the NFL team.
MADISON, Wis —The Global Women’s Leadership Network has named its 2023 Empowerment Grant winners: Enkhchimeg Nergui, partnership specialist with the Mongolian National Confederation of Credit Unions; and Violet Ndungu, CEO of Muki Sacco in Kenya.
RIO DE JANEIRO, Brazil–A fintech offering in this country that has captured nearly half of this country’s adults with its credit card, digital banking and loan products offers some lessons for American fintechs and, perhaps, credit unions as well, according to a new report.
WASHIINGTON–A New York man has pleaded guilty to the hacking of bitcoin in a 2016 cyberattack on Bitfinex that resulted in the theft worth $4.5 billion.
MADISON, Wis.–Filene will host a webinar today titled, “So, You Want to Talk About...Embedded Finance.”