Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
Credit card and debit card spending have improved for several weeks in a row, according to a report from PSCU.
The industry is well positioned to gain market share, but institutions may not see the same levels of growth as after the last recession.
The drop is likely from both a decline in consumer demand and lenders becoming more cautious, according to CompareCards.
The Miramar, Fla.-based institution is spending $85,000 to help businesses as the economy begins reopening.
Recent tweaks to Reg D have blurred the line between checking and savings accounts, opening up the possibility for new innovation in those products.
Despite some improvements, almost one-quarter of respondents to a LendEDU survey were still waiting on their relief checks and those consumers are more likely to take on additional credit card debt.
The Summerville, S.C.-based institution will also close two branches as part of a broader strategic effort to better service members.
Ronald Belle will lead the Rome, N.Y.-based institution after Mark Pfisterer retires.
The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus outbreak to usher in additional changes without the normal amount of scrutiny.
The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus to usher in additional changes without the normal amount of scrutiny.