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December

11
2023
Industry News

Robins Financial Credit Union Gives Back Over $20 Million to Members through Member Rebate Program

This program stands as a testament to the credit union’s steadfast commitment to the financial well-being of its members. With a strong belief in the philosophy of “people helping people,” Robins Financial continues to demonstrate its dedication to its members’ financial success. Since starting this program in 2017, the credit union has been able to give back over $112 million to its members.

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December

11
2023
Industry News

Hill Delivers Remarks at Digital Assets, Financial Technology and Inclusion Subcommittee Field Hearing

Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a field hearing entitled “Connecting Communities: Building Innovation Ecosystems Across America.”

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December

11
2023
Industry News

Governor Hochul Announces New Consumer Protection Law for Credit Card Customers Will Take Effect on December 10

Governor Kathy Hochul today announced a new state law will take effect that protects credit card holders from losing earned credit card rewards. Starting Sunday, December 10, credit card companies must take additional steps to protect consumers from losing accrued points when rewards programs are modified or terminated.

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December

11
2023
Trends

Card Debt Hits Another Record High As Consumers Keep Putting Purchases on Plastic

U.S. consumers added another $2.9 billion to their revolving debts—mainly credit cards—in October, bringing the total to a fresh record high of nearly $1.3 trillion, the Federal Reserve said Thursday. It was the smallest rise in credit card debt since June’s decline.

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December

11
2023
Industry News

21 AGs implore OCC, CFPB to force banks into cooperation

A coalition of 21 attorneys general penned letters this week urging federal regulators to force nationally chartered banks to cooperate with AGs’ investigations into violations of state laws.

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