LAKE FOREST, Ill.—Three out of five American households overdraw at least once per year. About seven out of eight households go to McDonald’s each year.
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PLANO, Texas—Based on the gifts in the holiday song classic The 12 Days of Christmas, a True Love will be spending significantly more money as Dec. 25 arrives.
LITTLETON, Mass.—The $1.8-billion Hanscom Federal Credit Union here has agreed to buy $300-million Peoples Bank, based in Chestertown, Md., the credit union reported.
WASHINGTON—Will Donald Trump’s administration slow down the nation’s drive toward electric vehicles, and will that impact EV resale values—forcing lenders to carefully value EV collateral?
SAN ANTONIO—With FedNow adoption maturing, the nation is quickly moving towards a ubiquitous real-time payments environment. But in turn, instant payments fraud is also continuing to grow and has become a major concern, one analyst points out.
ALEXANDRIA, Va.—As expected, the NCUA board Tuesday announced its final budget for 2025 has been reduced, cutting expenses from $433 million in the proposed budget to $395.4 million.
WASHINGTON—The CFPB’s final rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps should help boost relationships between CUs and their members that use payments apps, says one analyst.
ALEXANDRIA, Va.—Will NCUA, under a new chairman, continue to press for third-party vendor oversight authority? Will the agency raise the normal operating level of the NCUSIF if that power is not granted?
CHICAGO—Following four years of increases in credit card balances and delinquencies, a new report lets issuers know they should expect a slowdown in balance growth by the close of 2025.
WASHINGTON–The CFPB has issued a final rule on overdrafts that will likely drive many financial institutions over $10 billion in assets to drop their OD charge to a miniscule $5--if the regulation is not rolled back by the Trump Administration.