WASHINGTON—Support for the Building Credit Access for Veterans Act of 2022 has been expressed by NAFCU in a letter to the House Veterans Affairs Committee.
Fresh Today
BROOKFIELD, Wis.–Fiserv said it is transforming the mortgage lending process with an “intuitive digital platform, allowing anytime, anywhere engagement.”
LONDON–An announcement by the fintech BNPL provider Klarna that it will begin reporting transactions to the credit bureaus is being described as a “big blow” to other financial institutions as it competes in the credit card space.
SEATTLE—Will Amazon continue to influence consumer expectations?
ALEXANDRIA, Va.–Fifteen more credit union merger proposals have been filed with NCUA, according to the newest review by CUToday.info, with those seeking to combine listing the typical reasons for making the move, including crushing regulatory costs, as well as some unusual reasons, as well.
ST. PETERSBURG, Fla.—A combination of strong job growth and low unemployment is fueling consumer spending, which continues to drive credit card usage higher, reports PSCU in its May edition of its Payments Index.
WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has released an enforcement memorandum designed to prohibit practices on claims about FDIC insurance, saying the “issue has taken on renewed importance with the emergence of various crypto assets and the risks posed to consumers if they are lured to these or other financial products or services through misrepresentations or false advertising.
WASHINGTON—CUNA and its state leagues continue to press Congress to support a number of bills that are in markup before the House this week.
WASHINGTON—Several senators are requesting that the Treasury Department immediately implement the Corporate Transparency Act (CTA) in order to upgrade the country’s anti-money laundering laws and impose sanctions on Russian oligarchs.
MILWAUKEE, Wis.–Member credit unions ofCorporate Central received an update on its financials and also elected its new board during its annual meeting here.