WASHINGTON—The Federal Trade Commission, through its refund administrator, is mailing 690,000 checks totaling more than $152 million to consumers who lost money to a massive payday lending fraud scheme operated by AMG Services, Inc. and the company’s owner, Scott Tucker.
ARLINGTON, Va.–The downturn in the price of various bitcoin combined with stablecoins that have proved to be not so stable has led to renewed interest in Washington over bringing more oversight to the cybercurrency landscape. That’s a move that would be welcomed by NAFCU, said VP-Legislative Affairs Brad Thaler.
WASHINGTON—Saying it’s seeking to spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants, the Consumer Financial Protection Bureau has established a new Office of Competition and Innovation.
WASHINGTON–Sixteen candidates supported financially by credit unions in this week’s primaries in three states have won their races or are headed to a runoff, according to the Credit Union Legislative Action Committee (CULAC).
WASHINGTON—Ahead of a hearing on reauthorization and reform of the National Flood Insurance Program, NAFCU has sent a letter to the House Financial Services Subcommittee on Housing, Community Development, and Insurance sharing its support for the long-term authorization and continued modernization of the NFIP.
MADISON, Wis.– CUNA Brokerage Services, a unit of CUNA Mutual, is reporting it has completed its conversion to LPL Financial’s Institution Services platform.
MADISON, Wis.—The Global Women’s Leadership Network (GWLN) has awarded four scholarships to credit union industry women.
CHEYENNE, Wyo.–Meridian Trust FCU has selected Scienaptic AI for its AI-powered credit decision platform.
MILWAUKEE, Wis.–InterLutions will host a webinar offering information onI-Care’s collaborative employee benefit solutions on June 28. The webinar will begin at 2 p.m. ET.
WASHINGTON–The FDIC has issued a new report on the top risks facing banks in 2022, and it will look familiar to credit unions.
