Michigan Credit Unions Help Lead Sessions on Finance for Educators Following Passage of Law 08/17/2023 09:52 am LANSING, Mich.–Several credit union leaders were among the presenters during a two-day event here aimed at helping teachers in the state build knowledge around personal finance in the wake of House Bill 5190. Credit unions and a CU foundation were also sponsors of the event.
CFPB Planning New Regs Around Tracking and Selling of Personal Information; U.S. Chamber Pushes Back 08/16/2023 07:13 pm WASHINGTON–The CFPB is preparing to put forth a new proposal to expand the scope of regulation around the tracking and selling of people’s personal data to more companies and would expand the rules themselves. The announcement led to some pushback from the U.S. Chamber.
'Eye-Popping' Savings Seen 08/16/2023 09:28 pm MILWAUKEE, Wis. – A CUSO that provides contract renegotiation and cost reduction services said it continues to deliver “eye-opening” savings for credit unions is reporting that since the launch of the program in 2017 it has helped 80 credit unions save more than $30 million.
The Evolution in BNPL 08/16/2023 09:28 pm VANCOUVER, B.C .–The rapid growth and an ongoing evolution in the buy now, pay later (BNPL) space was reviewed for credit unions here.
More Americans Failing to Make Payments on Cards, Auto Loans 08/16/2023 07:13 pm NEW YORK—More Americans are failing to make payments on their credit cards and auto loans, according to a new report.
Goldman Sachs’ Economists Say No Fed Rate Cut Until Q2 of 2024 08/16/2023 07:16 pm NEW YORK–Economists at Goldman Sachs are predicting the Federal Reserve will cut interest rates in the second quarter of 2024, regardless of whether the U.S. economy enters a recession.
Rochester Chapter Funds Scholarships 08/16/2023 09:28 pm ROCHESTER, N.Y.–The Rochester Chapter of the New York Credit Union Association(NYCUA) has selected 11 area high school students as recipients of 2023 scholarships from the chapter.
Consumers Increasingly Turning to Unsecured Personal Loans to Manage High Interest Card Debt, TransUnion Analysis Finds 08/17/2023 07:23 pm CHICAGO– A new analysis has found that amidst a period of growth in credit card balances and originations, consumers continue to turn to unsecured personal loans as a way to consolidate high interest credit card debt.
Long-Time Credit Union Leader and Pioneer Passes Away 08/17/2023 07:21 pm TAMPA, Fla.— One of the best-known credit union leaders of his time, Perry Dawson, has died. Dawson was 95 years old.