DISTRIBUTED-WORK-MODEL/SAN FRANCISCO, October 25, 2023–(BUSINESS WIRE)–Today, Afterpay released a report focused on the Economic Impact of Buy Now, Pay Later (BNPL) in the U.S. conducted by Oxford Economics, which highlights the benefits of BNPL on consumers, merchants, and the overall U.S. economy.
Credit unions are now protected by a nationwide injunction preventing implementation of the Consumer Financial Protection Bureau’s Section 1071 rule, thanks to quick legal action by CUNA, Cornerstone League and Rally Credit Union of Corpus Christi, Texas.
The Federal Reserve Wednesday proposed lowering the fees banks can charge retailers for processing debit-card transactions, a victory for merchants who have long complained these "swipe fees" were too high and harmed consumers.
A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as high auto prices and stubborn inflation strain household budgets.
To get us started, I’m eager to report on the industry’s most recent performance metrics. Last month the NCUA released the credit union system’s performance data for the second quarter of 2023. These aggregate statistics provide important insights into the current state of the credit union system. Overall, the metrics indicate that credit unions remain generally well positioned at this time.
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