Credit Union Fight Against New “Payday Lending” Rules

U.S. credit unions are balking at new payday lending regulations designed to protect economically vulnerable Americans from predatory lending practices.

To understand why this is, a little background is in order:

Payday lending is a controversial subject. Consumer groups see it as a predatory form of lending that often…

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Cars Are Unaffordable, But Will That Stop Buyers?

New cars are unaffordable in all major U.S. cities, according to a new report from Bankrate. However, we continue to see strong sales of new vehicles. What gives?

First, let’s define what “unaffordable” means. Experts look at the median household income in various cities, then apply the “20…

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Emergency Savings Are Vital, Yet 66 Million Americans Don’t Have Any

A disturbing new report from Bankrate finds that 66 million U.S. adults have zero dollars saved for an emergency.

Emergency savings comprise a vital “first tier” of any savings plan. Having money for emergencies reduces anxiety and prevents people from running up high interest debt to cope with unexpected…

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Digital Commerce App from Visa Finds Now Used by 10 U.S. Credit Unions

Visa has created an issuer-branded mobile commerce solution called the Visa Digital Commerce App, which ten credit unions have adopted for their members, CU Times reported last week.

CU Times’ Roy UrricoJune said that more than 40 U.S. financial institutions, including 10 CUs, have decided to use the…

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The Values of Credit Unions

If any of your friends and family are in doubt about the value – and values – of credit unions should have a look at the Seven Cooperative Principles for Credit Unions.

The Credit Union National Association (CUNA) has published these principles, which outline the basic function and values of CUs.


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