MADISON, Wis.–Credit unions set a membership growth record over the first five months of 2018, according to new data, breaking the five-month record established in 2017.
THE news
CHICAGO—More than half of consumers in a new survey said they searched for a new financial institution or new account in the past 12 months, while 28% indicated they have opened an account at an online provider, according to new research.
LONDON—The use of biometric authentication with payment cards continues to increase.
AUSTIN, Texas–It turns out there is some bad news to be found in the $736-million in funds being paid to credit unions this week by NCUA.
WASHINGTON—NAFCU and CUNA are urging the House to adopt an amendment from House Chief Deputy Whip Patrick McHenry (R-NC) that would prohibit the U.S. postal service from providing banking services.
NEW YORK–The nation’s biggest banks are reporting some of their biggest profits, even as the data shows a slowdown in ending.
WASHINGTON–The U.S. Treasury will be publishing a report on financial technology (fintech) firms in the near future.
CHICAGO–Alliant Credit Union here has been hit with a proposed class action lawsuit related to its charging of overdraft fees.
BOSTON–With the recreational marijuana business now legal in Massachusetts—but with a dearth of financial institutions willing to serve the industry–the top federal prosecutor in the state has issued a statement saying his focus when it comes to cannabis will be on overproduction, targeted sales to minors and organized crime.
WASHINGTON—Credit unions created $15 billion in financial benefits to members and non-members alike during 2017, and overall contributed $116 billion in valued added or economic activity to the U.S. economy, according to a new white paper from CUNA. The paper was written as part of a broader perspective on the tax-exempt status of U.S. credit unions.