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News
Trump Again Calls for Credit Card Swipe Fee Reform
2+ day, 16+ hour ago (480+ words) WASHINGTON—President Donald Trump renewed his call for credit card swipe fee reform Wednesday evening, saying during the Republican midterm convention in Dallas that reducing the fees would save families money. “We will cut out-of-control credit card swipe fees, saving…...
Two New Training Programs Added To Credit Union Financial Counseling Lineup
3+ day, 17+ hour ago (172+ words) CU Today WASHINGTON--Two new offerings are available to complement the Certified Credit Union Financial Counselor (CCUFC) Designation, America's Credit Unions announced As detailed in a recent AmericaâÂÂs Credit Unions Blog post, both the Financial Trauma-Informed Specialist eSchool…...
ACU???s Simpson Takes Interchange Fight To Washington Economic Forum
3+ day, 17+ hour ago (296+ words) WASHINGTON--The credit card interchange system should be protected, especially from policies like the Credit Card Competition Act, was the focus for America’s Credit Unions President/CEO Scott Simpson at a Washington event on the state of the economy Tuesday,…...
BlastPoint: Profits Jump, But Credit Quality Slips At Nearly Half Of U.S. Banks
5+ day, 8+ hour ago (538+ words) PITTSBURGH—Nearly half of U.S. banks are showing year-over-year deterioration in credit quality even as industry profits, lending and deposits continue to climb, according to a new BlastPoint analysis of second-quarter FDIC data. BlastPoint found 48% of U.S. banks reported a…...
U.S. Auto Sales Slip As Vehicle Prices, Incentives Continue to Climb / Fresh Today / CUToday.info
1+ week, 3+ day ago (212+ words) U.S. Auto Sales Slip As Vehicle Prices, Incentives Continue to Climb CU Today new-vehicle sales slipped in July as buyers continued to face elevated prices, with GlobalData reporting light-vehicle sales declined 1.2% from a year earlier to 1.38 million units selling rate eased…...
FSB Warns Frontier AI Could Magnify Cyber Risks Across Financial System
1+ week, 5+ day ago (200+ words) CU Today BASEL, SwitzerlandâÂÂFrontier artificial intelligence could dramatically increase the speed, scale and affordability of cyberattacks, potentially undermining confidence across the global financial system, Financial Stability Board Chair Andrew Bailey warned G20 finance ministers and central bank governors Andrew…...
Barclays Now Sees Two Fed Rate Hikes This Year
1+ week, 5+ day ago (223+ words) CU Today NEW YORK--Barclays now expects the Federal Reserve to raise interest rates by 25 basis points in September and again in December after Fed Chair Kevin Warsh delivered what the brokerage called a âÂÂnotably hawkishâ speech,…...
The Paycheck Is Changing???And Banking May Have To Change With It
2+ week, 3+ day ago (341+ words) The Paycheck Is Changing—And Banking May Have To Change With It CUToday NEW YORK--Millennialsâ increasingly irregular income could force banks and credit unions to rethink products built around the traditional paycheck, with only about 42% of employed Millennials…...
JD Power: Financial Health Improves, But Two-Thirds of Consumers Still Struggling
2+ week, 4+ day ago (227+ words) TROY, Mich.—The share of U.S. consumers considered financially healthy held at 34% in July for the second consecutive month, the highest level since November 2025, but two-thirds of consumers remain financially unhealthy, according to new data from JD Power. JD Power…...
Fed's Collins Says Rate Hike May Be Needed Soon As Inflation Remains High
2+ week, 4+ day ago (247+ words) CUToday WASHINGTONâÂÂThe Federal Reserve may need to raise interest rates soon unless upcoming data show inflation is continuing to decline, Boston Fed President Susan Collins said Tuesday, according to Reuters Susan Collins Collins said the FedâÂÂs…...