Scammers and hackers are looking to infiltrate all types of organizations, and credit unions are no exception.
Consumer delinquency rates on auto, home improvement and personal loans all fell in the second quarter of 2014, according to research from the American Bankers Association.
Unsecured personal loans have received plenty of negative press for locking low-income borrowers into payments they can't afford at high interest rates. However, this type of loan is regaining its respectability, according to The Wall Street Journal.
People join credit unions for the benefits they offer over traditional banks, whether that means a free checking account, competitive loan products or even a better company culture.
Online attacks have become more prevalent over the past few months, so credit unions should make sure they and their members are properly protected.
Financing is still the most common means of paying for a car, but auto leasing is rapidly growing in popularity.
The massive amount of student loan debt still holding back a generation of Americans is beginning to adversely impact other corners of the economy and threaten long-term growth.
The U.S. Consumer Financial Protection Bureau is investigating payday lenders again, focusing on their practice of connecting wage-earning Americans in need of cash with loan opportunities.
The grumbling about the payday lending industry is growing louder, and now consumers who have been victimized by such offers have a high-profile resource to turn to.