COSTA MESA, Calif.—Subprime loan originations and balances continue to rise, a new report shows.
THE news
STUDIO CITY, Calif.–The former CEO of the now-defunct C B S Employees FCU has agreed to a plea deal with federal prosecutors in which he admits to stealing more than $40 million over the past 20 years.
PORTLAND, Ore.—Mobile payment adoption in unattended retail is gaining momentum ahead of traditional retail, a new report indicates.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices increased 0.3% in April. NAFCU Chief Economist and Vice President of Research Curt Long says the Federal Reserve will likely hold off on future rate hikes.
RANCHO CUCAMONGA, Calif.–Ready to take a selfie—with an ATM? CO-OP has launched a new fundraiser for Children’s Miracle Network that invites credit union staff and members to post a pic of the ATM and tag it #ATMs4CMN, and it will donate $10 to CMN hospitals.
ALEXANDRIA, Va.–Nine credit unions have been assessed financial penalties by NCUA for filing late call reports for the third quarter of 2018.
SAN FRANCISCO–The U.S. Court of Appeals for the Ninth Circuit has ruled the CFPB’s single-director structure is constitutional.
SAN FRANCISCO—Cashless society? Not yet. More than half (55%) of U.S. mobile users said they hate the idea of life without cash, signifying a major hurdle for financial institutions, payments processors and tech companies that urge consumers to adopt digital wallets, a new report reveals.
SAGINAW, Mich. – Catholic Federal Credit Union has announced its new name and brand identity.
NEW YORK–Bad debt in consumer credit cards has jumped to its highest level in nearly seven years, and while some see red flags, at least one analyst believes data “may not paint the full picture.”