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February

7
2024
Industry News

Utah First Credit Union Secures Ninth Consecutive Crystal Performance Award

SALT LAKE CITY--(BUSINESS WIRE)--Utah First Credit Union is excited to announce another honor for an unprecedented ninth consecutive year. The institution has received the Crystal Performance Award, a distinguished honor presented by Raddon, A Fiserv Company, that sets Utah First apart as one of the premier credit unions in the country.

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February

7
2024
Trends

Credit Card, Auto Loan Delinquency Rates Rise in NY Fed Report

(Bloomberg) -- American households took on more debt at the end of last year, and some of those loans are increasingly going bad, according to data from the Federal Reserve Bank of New York.

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February

7
2024
Industry News

Governor Hochul Announces New Law to Clarify Disclosure of Credit Card Surcharges Goes Into Effect Sunday, February 11

Governor Kathy Hochul today announced a new consumer protection law that will go into effect on February 11, 2024. This new law will amend and clarify New York’s existing credit card surcharge law. The NYS Division of Consumer Protection assists aggrieved consumers in the marketplace and the New York State Attorney General and local governments have the authority to enforce the credit card surcharge law.

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February

7
2024
Industry News

JPMorgan Chase to add 500 branches and 3,500 employees by the end of 2027 as the U.S.’s largest bank gets bigger

JPMorgan Chase & Co. said Tuesday it will add 500 branches and 3,500 employees by 2027, as the largest bank in the United States bucks the trend of layoffs and bank closures.

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February

7
2024
Industry News

UPDATE 1-New York Fed sees trouble in auto borrowing as overall debt level rises

Feb 6 (Reuters) - Overall borrowing levels in the U.S. rose modestly during the final three months of last year as more types of borrowing ran into trouble, especially on the auto front, even as overall difficulties remained below levels seen before the onset of the COVID-19 pandemic.

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