WASHINGTON—The Office of the Comptroller of the Currency is being asked by legislators to rescind interpretative letters allowing banks to engage in crypto activities.
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WASHINGTON—Payments totaling more than $9.7 million are being sent to more than 61,990 consumers who were charged hidden fees by LendingClub Corporation, according to the FTC.
WASHINGTON—The Conference of State Bank Supervisors (CSBS) has released two new tools aimed at helping nonbank financial services companies improve their cybersecurity posture.
CANTONMENT, Fla.—In a move that has not been seen since credit unions began buying banks more than ten years ago, one credit union intends to acquire a bank that’s nearly equal to its own size.
AUSTIN, Texas–As interest rates rise, one-in-five credit card-holders say accumulating credit card debt is among one the biggest regrets they have and that they would rather let someone read through their text messages than show them their credit history.
WASHINGTON–At least one Federal Reserve Bank president said he believes the Fed will again need to raise rates when it meets in September, despite new data showing the rate of inflation has slowed.
WASHINGTON–Wages, prices and consumer spending all increased over the year ending in June, according to new government data, creating a challenge for economists and the Fed as they seek to interpret what all the numbers mean and how to best move forward.
CLARION, Penn.–Clarion FCU has a new name.
BALTIMORE–Securityplus Federal Credit Union said it has launched “Know Money Know Empowerment,” a program which strives to make a “positive difference” by providing free online financial education courses and membership to individuals located in underserved communities in Baltimore City.
WOODBURN, Ind.–Financial Partners FCU has expanded its field of membership to Adams, Allen and DeKalb counties in Indiana. The FOM expansion was done with the assistance of Dollar Associates and approved by NCUA.