WASHINGTON—The Consumer Financial Protection Bureau has released a report highlighting the “complicated and burdensome” nature of the medical billing system in the United States, and said it plans to act to ensure the consumer credit reporting system is “not used coercively” against patients and their families to force them to pay questionable medical bills.
Fresh Today
NOTRE DAME, Ind.– Notre Dame Federal Credit Union said it has completed the purchase of Mission Management & Trust Co. in Tucson, Ariz.
VIENNA, Va.– Navy Federal Credit Union has been named a CX Elite brand for credit card issuers (a top 5% brand) in Forrester’s US Credit Card Customer Experience Index, 2021.
MARLBOROUGH, Mass.— The Cooperative Credit Union Association has released four separate reports that seek to highlight the financial impact of credit unions in the four states it serves: Delaware, Massachusetts, New Hampshire, and Rhode Island.
WASHINGTON–The nation’s federally insured banks reported aggregate net income of $63.9 billion in fourth quarter 2021, an increase of $4.4 billion (7.4%) from a year ago, according to new FDIC data.
WASHINGTON–While meeting in the nation’s capital, it is only natural credit unions focus most of their attention on Washington. But there are other capitals and cities where decisions are made that have strong implications on CUs, according to one person.
WASHINGTON–CUNA’s new chairman, a former CFO who admits he “loves” Excel, told credit unions gathered here that while he may hate to admit it, the value of CUs can’t be found on a spreadsheet.
WASHINGTON—With attention and intertest around cryptocurrency growing among consumers, Kyle Hauptman told credit unions he is committed to ensuring the movement does not fall behind in playing the crypto space and “go the way of Blockbuster.”
WASHINGTON—When it comes to litigation threats, credit unions are facing more of the same, some very new threats related to COVID-19, and a somewhat forgotten legal threat that has returned to threaten again.
WASHINGTON—Credit unions must prepare for an uncertain and challenging financial market, says Rodney Hood, who said a big competitor—and partner—the movement must focus on are fintechs.