MADISON, Wis.—Credit unions saw new auto loan balances hit $100 billion for the very first time, with loans for new vehicles up 16.9% in the past year, according to the latest monthly Credit Union Trends Report from CUNA Mutual Group.
NOTTINGHAM, England—Most adults in the U.K. are now willing to embrace biometric identity for online banking, a new study shows.
WASHINGTON–After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it, according to new analysis by the Pew Research Center.
WASHINGTON–The National Credit Union Foundation (the Foundation) has debuted an Impact Map that highlights the Foundation’s programs, projects, and Credit Union Development Educators (CUDEs) in each state.
MADISON, Wis.—The Filene Research Institute said it has entered into a collaboration with QCash, a digital lending platform that offers relationship-based underwriting, without credit check, to members in search of small, short-term unsecured loans.
WASHINGTON—NAFCU and CUNA are gearing up for an abbreviated legislative year, one in which both trade groups plan to pursue opportunities to reduce CU regulatory burden.
WASHINGTON–Fannie Mae and Freddie Mac plan in 2016 to push the sales of new types of securities that in effect transfer potential losses in a housing downturn to private investors.
WASHINGTON—The CFPB has sent warning letters to 17 colleges directing them to improve disclosure of school-sponsored credit card agreements.
ADISON, Wis.–Credit unions added another 235,000 new members and loan balances grew at a 9.9% seasonally adjusted annualized pace through October, according to the latest CUNA Mutual Trends Report.
ALEXANDRIA, Va.—By a pair of 3-0 votes, the NCUA board Thursday passed a final rule covering interest on lawyer trust accounts (IOLTAs) and certain other escrow accounts involving prepaid cards, as well as putting out for comment two broad categories of its rules.