June 2-4

National Business Services Conference - Boston, MA

June 4-6

ACE25 - Grand Rapids, MI

June 8-10

Carolinas Credit Union League Annual Meeting - Asheville, NC

June 10-13

ENGAGE - Orlando, FL

June 15-17

Connect2025 - Oxon Hill, MD

June 22-25

relEVENT - Las Vegas, NV

Americans' Consumer Debt Hits All-Time High of $18.2 Trillion

American consumer debt reached a record $18.2 trillion in Q1 2025, rising $167 billion from the previous quarter, according to the Federal Reserve Bank of New York. While credit card and auto loan balances declined—down $29 billion and $13 billion respectively—analysts caution that overall debt remains high. Credit card balances are still 54% higher than four years ago, and auto loan balances have risen 19% over the same period. The recent dip in auto loans marks the first decline since 2011, attributed to high prices, interest rates, and economic uncertainty.

Meanwhile, student loan and mortgage balances increased, with student loans growing by $16 billion to $1.63 trillion and mortgages by $199 billion to $12.8 trillion. Delinquent debt also rose 4.3% this quarter, largely driven by student loans. Following the end of federal payment relief measures, student loan delinquencies spiked from 1% to 7.74%. Nearly half of those newly delinquent had decent credit scores, and many saw drops of over 140 points, which could severely impact their ability to access future credit.

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finance.yahoo.com

2025 Atlantic Hurricane Season Will be Above Average, Research Predicts

Researchers at Colorado State University forecast an above-average 2025 Atlantic hurricane season, expecting 17 named storms, 9 hurricanes, and 4 major hurricanes (Category 3 or higher). While the predicted activity is about 125% above the 1991–2020 average, it’s slightly lower than last year’s forecast. Warmer-than-normal sea surface temperatures are a major factor, although they've cooled slightly since 2024. The uncertainty around the El Niño–Southern Oscillation (ENSO)—which may shift to a neutral phase—adds complexity to the forecast but could still favor storm development.

Hurricane season officially runs from June 1 to November 30, with storms named from Andrea to Wendy this year. Once a storm hits 39 mph, it’s named; at 74 mph, it becomes a hurricane. Researchers stress that their ability to make accurate forecasts relies heavily on NOAA’s global data, highlighting concerns over recent federal budget and staff cuts.

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cbsnews.com