WASHINGTON– The Federal Trade Commission has obtained an order that halts a credit repair scheme that allegedly bilked consumers out of millions of dollars by falsely claiming they will remove negative information from credit reports, while also filing fake identity theft reports to explain negative items on customers’ credit reports.
Fresh Today
TEWKSBERRY, Mass.–A new survey of financial executives has found that while 49% of indicate that digital is the top priority channel for customer/member engagement in 2022, nearly 40% say serving all channels of interaction (digital, branch, and contact center) are equally important.
WASHINGTON—The Federal Trade Commission and the Justice Department’s (DoJ) Antitrust Division will co-host a Spring Enforcers Summit on April 4.
NEW YORK–Credit unions and CUSOs have been as affected as any employer when it comes to the so-called “Great Resignation” of the past few years, but one new survey reveals that for many workers it has led to the great regret.
LONDON—A group of the U.K.’s top fintech firms are calling on the country’s Competition and Markets Authority (CMA) to speed up its decision-making on open banking.
NEW YORK—JPMorgan Chase is preparing to go all-in on private companies as it looks to respond to fintechs, according to one new report.
NORTH CHESTERFIELD, Va.–A group of people challenging the board elections at Virginia Credit Union said they will be holding a virtual protest when VCU holds its annual meeting today.
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has issued policy guidance regarding what it said are potentially illegal practices related to consumer reviews.
GREENVILLE, S.C.–Every credit union has data. But the key in making the most effective use of data lies in understanding which data tells the right story and in having the right people asking the right questions, according to one person.
GREENVILLE, S.C.–There remain some strong opportunities to grow lending, and even in a rising rate environment mortgages are one of them, said one person.