Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Shoppers creativity to avoid debt is seminal CUNA tells IAPI
NEW YORK (12/21/09)--With the holiday shopping season running at full bore, consumers are being creative in how they spend and pay for items and services so they don’t run up card debt, the Credit Union National Association told The Associated Press Friday. The article was picked up by ABC News Friday. Consumers are paying with cash, with direct debits from bank accounts, by using layaway payment methods, by taking advantage of free financing and even by cashing in frequent flier miles, the AP said. Bill Hampel, chief economist at the Credit Union National Association, describes the consumer switch as “seminal.” “People are trying a lot of new behavior in how they're spending and how they are paying for it in response to a very scary economy,” he added. To read the article, use the link.
Other Resources

RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
12 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
12 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
13 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
14 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
15 hours ago