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RANCHO CUCAMONGA, Calif. –A drop in surplus cash is translating into a slight increase in spending on consumer credit, while the migration from debit to credit is intensifying, according to new analysis from Co-op Solutions.

NASHVILLE, Tenn.–NCUA Chairman Todd Harper told state credit union regulators and state-chartered CUs gathered here the federal/state partnership has been “mutually beneficial” and led to “innovative and effective tools” he expects to continue.

WASHINGTON–With Congress set to return to Washington in September, credit unions are paying particular attention to a number of issues expected to be on the agenda, topped by the fight over the Credit Card Competition Act when it comes to financial services.

VENTURA Calif.–Ventura County Credit Union is now facing at least two class action lawsuits related to a 2022 breach that affected as many as 82,000 members, a breach the lawsuit alleges the credit union did not disclose for six months.

WASHINGTON–Mortgage rates continue to hit new highs. Last week, the average rate on the 30-year fixed-rate mortgage was at its highest point since 2001, hitting7.23% in the week ending August 24, up from 7.09% the week before, according to data from Freddie Mac.

TAMPA, Fla.–Credit unions along Florida’s west coast as well as those in North Central Florida and the east coast of the U.S. from Jacksonville north through the Carolinas are being are being urged to prepare now for the arrival of Tropical Storm Idalia, which could strengthen into a hurricane as it heads north along the gulf coast.

EL PASO, Texas–Raiz Federal Credit Union has surpassed $1 billion in total assets.