WASHINGTON– The Consumer Financial Protection Bureau said it has taken action against Hello Digit, a fintech that is alleged to have used a faulty algorithm that caused overdrafts and overdraft penalties for customers.
Fresh Today
ARLINGTON, Va.—NAFCU has 14 recommendations for improving NCUA regulations and has also made new requests regarding credit union meeting and voting requirements and deposit activity rules.
WASHINGTON—Homebuilding in the United States fell to its lowest level in nearly 18 months in July as higher mortgage rates and prices for construction materials weighed down growth.
ST. PETERSBURG, Fla.—Credit card volume growth continues to outpace growth in debit cards, the August edition of the PSCU Payments Index shows.
MANCHESTER, N.H.– America’s Credit Union Museum (ACUM) has announced the inductees of its newest exhibit, “Credit Union Women Making History: Herstory.”
HARTFORD, Conn.–The Connecticut Lottery and Credit Unions Building Financial Independence (CUBFI), the charitable arm of the Credit Union League of Connecticut, have partnered on a program to help problem gamblers who lose large sums as well as lottery winners who are dealing with sudden riches.
POUGHKEEPSIE, N.Y.–Hudson Valley Credit Union has named a new president and CEO to succeed the retiring Mary Madden.
CHAMBERSBURG, Penn.–Patriot FCU President and CEO Brad Warner has announced plans to retire in early 2023.
HUNTINGTON BEACH, Calif.– The National Association of State Credit Union Supervisors (NASCUS) has named Mary Ellen O’Neill, the former director of the Connecticut Financial Institutions Division as the winner of the 2022 Pierre Jay Award recipient.
WASHINGTON–In a saga that at one point involved more than a half-dozen credit unions, some $3.9-billion in student loan debt being carried by former students who were defrauded by ITT Technical Institute has been cancelled by the Department of Education.