CAPE TOWN, Africa—Mobile money services are growing faster than anticipated worldwide, particularly in Africa, a new report reveals.
Fresh Today
WASHINGTON–Despite the Fed’s efforts to cool the economy, new federal data show employers added 253,000 jobs in April—but one CU economist said a deeper look reveals the numbers aren’t quite as strong as they seem.
TUCSON, Ariz.–Payments are actually “sexy?” Yes, according to one card executive, who also shared some insights on an alignment around purpose, card trends, tokenization and more.
TUCSON, Ariz.–There is still one statement that Todd Clark, CEO of Co-op Solutions, says surprises him—when a credit union says, “We didn’t know you did that” after learning about a solution or service the CUSO offers.
TUCSON, Ariz.–It isn’t just the payments space that has evolved over the past half-decade, Co-op Solutions has also undergone a number of significant changes, and one executive with the company shared some additional details around what is going on with credit unions gathered here.
WASHINGTON—NAFCU, CUNA and the Virginia League are asking the CFPB to rescind its proposed rule to reduce the credit card late fees safe harbor.
WASHINGTON—While credit unions are strongly opposed to the CFPB’s proposed rules capping credit card late fees, the National Consumer Law Center and eight other advocacy groups have submitted comments in support of the plan, saying it will save consumers “billions of dollars each year in late fees and put that hard-earned money back in their pockets.
WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has published a report on what it called “high-cost specialty” financial products, such as medical credit cards, alleging that while they are sold by what are often fintechs to patients as a way to alleviate growing medical costs, they actually only add to the burden.
ARLINGTON, Va.—Total vehicle sales increased 1.2 million annualized units in April – from 15.3 million in March to 16.5 million – and were up 15.4% from the previous year.
EXTON, Pa.–Jeff March, president and CEO of Citadel Credit Union, has announced he will retire by year end after a successor is selected.