Analysis

The latest report sees "strengthening results" for consumer credit spend.

"We expect savings growth to continue to grow faster than loan growth for the rest of the year."

"Credit union members will feel the effects and the financial stress of these items well past the end of the pandemic."

Researchers find a surprising explanation for the disparity.

According to PSCU's most recent weekly snapshot, "The volume of overall debit transactions realized a very notable improvement."

New guidance from the IRS explains the tax consequences of PPP loans that are forgiven.