1+ hour, 46+ min ago   (195+ words) CU Today ANN ARBOR, Mich.—Consumer sentiment rose sharply in July, climbing 11.5% from June as Americans grew more optimistic about business conditions and the economy, though confidence remains well below year-ago levels amid continued concerns over high prices,…...

4+ day, 4+ hour ago   (245+ words) CU Today economy grew at a 1.5% annual rate during the second quarter, slowing from 2.1% in the first three months of the year as weaker government spending, slower investment and softer export growth offset stronger consumer spending, according to the Commerce…...

5+ day, 58+ min ago   (219+ words) WASHINGTON—The Federal Reserve held its benchmark interest rate steady Wednesday, but three policymakers broke with the majority and voted for a quarter-point increase, exposing growing concern inside the central bank over persistent inflation. The Federal Open Market Committee voted…...

5+ day, 8+ hour ago   (315+ words) WASHINGTON— Mortgage applications decreased 6.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 24. The refinance share of mortgage activity decreased to 39.5% of total applications from 41.2% the previous…...

6+ day, 47+ min ago   (423+ words) LAKE BLUFF, Ill.— Credit unions hoping deposit costs would ease this year may need to rethink their funding strategy. A new analysis from Moebs $ervices argues rising Treasury yields and persistent inflation pressures are likely to keep deposit competition intense through…...

6+ day, 45+ min ago   (209+ words) CU Today McLEAN, Va.— Capital One has won dismissal of a proposed class-action lawsuit accusing the bank of charging excessive interest rates on its credit cards, after a Maryland federal judge ruled the National Bank Act did not…...

2+ week, 4+ day ago   (177+ words) TAMPA--Debit and credit card spending accelerated to its fastest pace in nearly four years during June, led by purchases of goods and essential expenses, according to the latest Velera Payments Index, underscoring the resilience of consumer payments activity even…...

2+ week, 4+ day ago   (159+ words) CUToday MCLEAN, Va.—The average rate on a 30-year fixed mortgage edged higher this week to 6.55%, up from 6.49% a week earlier, while remaining below the 6.75% level recorded a year ago, Freddie Mac reported Thursday "The 30-year fixed-rate mortgage…...

2+ week, 4+ day ago   (371+ words) CUToday NEW YORK--For decades, conventional wisdom held that consumers with subprime credit relied heavily on revolving credit card balances to make ends meet But new research from PYMNTS Intelligence suggests that assumption is rapidly becoming outdated, as millions of…...

2+ week, 6+ day ago   (229+ words) CUToday consumer inflation cooled more than expected in June, giving the Federal Reserve fresh evidence that price pressures are easing while reducing expectations of a near-term interest rate increase Dawit Kebede The Consumer Price Index rose 3.5% from a year earlier,…...