News
Am Ex Anti-steering Case Shifts to Battle Over Nearly $13 M In Fees
23+ hour, 35+ min ago (334+ words) CU Today NEW YORK'Lawyers for consumers who won a proposed $17. 5-million settlement with American Express over its long-running "anti-steering" rules are now asking a federal judge in New York to approve nearly $13 million in attorney fees and litigation costs, according…...
DCUC Raises Credit Union Concerns On Capital Proposals Impacting Main Street Lending
1+ day, 23+ hour ago (237+ words) WASHINGTON--Monday, the Defense Credit Union Councilwroteto leaders of the House Financial Services Committee ahead of the full committee hearing, "Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities." In the letter, DCUC requested…...
Fastest-Growing Bank Loan Category Since 2008? Lending To Nonbanks, FDIC Says
5+ day, 10+ hour ago (278+ words) CU Today WASHINGTON'Bank lending to private equity funds, private credit firms and other nondepository financial institutions climbed to $1. 4 trillion at year-end 2025, making it the fastest-growing loan category for banks since the 2008 financial crisis, according to the FDIC, which said the…...
New Research Finds CUs Can Cut Per-Claim Dispute Processing Costs By 90% And Save Over $800 K In One Year
6+ day, 3+ hour ago (333+ words) MADISON, Wis. Filene Research Institute's innovation testing program, Fi Lab, has released findings from independent pilots of two financial technology solutions designed to address fraud, one of the most urgent and costly challenges facing U. S. credit unions. The results, drawn from…...
GSEs Take Next Step In Credit Score Overhaul With Vantage Score 4. 0
1+ week, 2+ hour ago (390+ words) CU Today WASHINGTON" Fannie Mae and Freddie Mac said Wednesday they are beginning the next phase of the federal government's long-running credit score modernization effort, with both government-sponsored enterprises moving to accept mortgage loans evaluated using Vantage Score 4. 0 through limited…...
Velera Payments Index: Consumers Kept Spending In March, But Signs Of Strain Are Emerging
1+ week, 1+ day ago (362+ words) CU Today TAMPA--Consumer activity remained strong in March, with ongoing growth in debit and credit card transactions and purchases, according to the April edition of the Velera Payments Index. Despite skyrocketing gas prices since the start of the war…...
Fed: Consumer Credit Growth Slows As Revolving Borrowing Cools Sharply
3+ week, 20+ hour ago (129+ words) CU Today WASHINGTON--U. S. consumer credit expanded at a modest 2. 2% annual rate in February, with the Federal Reserve's latest G. 19 report showing a sharp slowdown in revolving credit growth to just 0. 6% while nonrevolving credit rose at a 2. 8% pace. Total outstanding consumer credit…...
Wallet Hub: U. S. Credit Card Debt Could Climb Another $50 B In 2026
3+ week, 7+ hour ago (282+ words) CU Today households carried $1. 33 trillion in credit card debt at the end of February, and Wallet Hub is projecting balances will climb by another $50 billion before year-end as borrowing costs remain stubbornly high. For banks and credit unions, the forecast…...
PYMNTS: Consumer Finances Look Stable, But Strain Is Building Beneath Surface
3+ week, 23+ hour ago (377+ words) CU Today household finances continue to look relatively steady on the surface, but new PYMNTS analysis suggests the underlying picture is far more fragile, with many consumers maintaining stability through discipline rather than enjoying genuine financial breathing room. PYMNTS Consumer…...
As Household Debt Hits $18. 8 T, New Report Flags Cities Under Stress
3+ week, 6+ day ago (299+ words) cutoday. info household debt now standing at roughly $18. 8 trillion, personal finance company Wallet Hub said a new analysis shows some of the nation's largest cities are facing especially acute debt-payment stress, with delinquency levels that could heighten risks to consumers…...