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PASADENA, Calif.–Wescom Credit Union will once again do its part to help people deal with losing an hour’s sleep this weekend with its ninth annual #WescomKindness Daylight Saving Time event. Wescom will be picking up the tab for coffee at 22 select The Coffee Bean & Tea Leaf locations in Los Angeles, Orange, Ventura, Riverside, and San Bernardino counties.

WASHINGTON—Consumer spending continues to hold steady as economic activity remains strong, according to the latest version of the Beige Book from the Federal Reserve.

WASHINGTON—Total consumer credit rose 3.7% at a seasonally adjusted, annualized rate in January and is up 7.9% compared to a year ago.

WASHINGTON—The Department of Housing and Urban Development (HUD) has finalized a rule to allow a standalone 40-year loan modification for mortgagees with Federal Housing Administration (FHA)-insured loans to cure a borrower’s default.

WASHINGTON–In a Q&A with CUToday.info, NCUA Chairman Todd Harper has shared his thoughts and responses around questions related to whether CUs are underpricing loans, the future of smaller CUs, what’s ahead for overdrafts, and more.

IRVINE, Calif. – Origence has announced a new partnership with Tekion, a next-generation, cloud-based automotive retail solutions provider. 

MIAMI–Americans racked up a record $180.3 billion in new debt during 2022 and with the Federal Reserve expected to boost interest rates again later this month, it will cost those carrying card debt more than $3 billion, according to a pair of studies. The research found nearly half of Americans saying they feel stress from card debt.

LONDON—Continuing the trend of big banks closing branches while CUs expand them, NatWest plans to close 23 of its physical facilities in England and Wales. 

WASHINGTON–The U.S. economy added 311,000 jobs in February, according to the Labor Department's monthly employment snapshot, released this morning.