News

A study of consumers who use check cashing stores in Virginia found that 25% of them have bank accounts or were banked in the past and currently make more than $45,000 per year.

The RSA Anti-Fraud Command Center said credit unions were the target of just over one-fifth of phishing attacks recorded against American financial institutions in March.

A new application from software developer Intuit offers the promise of expanding the market for consumers to use their cards in more places.

The recession continued to take a toll on credit unions during the first quarter of 2009 in many categories, though an increase in savings and overall membership eased some of the pain, the NCUA reported today.

Since U.S. Central Federal Credit Union released first-quarter financials that showed only a 23% impairment to member capital accounts, not 63% as reported two weeks earlier, financial managers have debated how to record the evolving losses.

The recession has affected the way many Americans are saving and cutting back on expenses so much that frugal living could a permanent life change.