FOSTER CITY, Calif.—Spending for goods and services generated by Mastercard and Visa credit, debit, and prepaid cards issued in the United States was $6.021 trillion in 2018, an increase of 9.5% over 2017, a new report shows.
OPELIKA, Ala.–The devastating tornadoes that struck Alabama as well as Georgia and which killed at least 23 people apparently spared credit union facilities.
WASHINGTON–The U.S. District Court for the Western District of Pennsylvania granted preliminary approval of a proposed settlement in the Wendy’s data breach case, which will pay $50 million to financial institutions.
NEW YORK—As tax season arrives, some consumers may find they owe money for a credit card perk. If cardholders have received a bonus from their credit card company for successfully referring friends or family for new cards, they may owe taxes on that bonus.
FALCON HEIGHTS, Minn.–SPIRE Credit Union here attracted some 4,340 attendees to its 85th Annual Meeting and Appreciation Day.
LINCOLN, Neb.–Nebraska’s bankers are backing a bill in the state legislature that would require notification anytime a state-chartered credit union is seeking to expand its field of membership, which would give the bankers the opportunity to challenge the request at a public hearing.
WASHINGTON—CUNA and the World Council of Credit Unions have written a joint letter supporting the Internal Revenue Service’s proposed rule reducing regulatory burdens related to the Foreign Account Tax Compliance Act (FATCA).
ARLINGTON, Va.—A new analysis offers deeper insights into what the increase in auto loan delinquencies means.
JACKSON, Mich.– American 1 Credit Union said it has paid out $1.2-million to members as part of its 2018 Member Giveback.
WASHINGTON–An economist with CUNA is forecasting a recession for the United States within the next two years.