SAN FRANCISCO—Of 14 countries/markets surveyed around the world, consumers in only two—Hong Kong and Brazil—prefer to verify their identity with biometrics when they open an online account, according to TransUnion.
Fresh Today
NEW YORK–Economists and other analysts are digging through the data for signals the economy is going to slow, and one well-known analyst has identified an index he says is reliable signal: Sales of men’s underwear.
WASHINGTON—The Fair Appraisal and Inequity Reform Act of 2022 was introduced by a House Financial Services Committee hearing on bias and discrimination in the home appraisal process by Chairwoman Maxine Waters (D-CA).
WASHINGTON—The concept of “proportionality” can help increase financial access, and should be addressed in the G20 Leaders’ Declaration, CUNA President/CEO Jim Nussle wrote to Treasury Secretary Janet Yellen.
WASHINGTON–Although the decision was hailed by consumer groups, one senator believes there may be “unintended consequences” from a recent decision by the three major credit bureaus to block certain types of medical debt from being included on consumers’ credit reports.
WASHINGTON–In Washington, the House of Representatives has passed a bill that seeks to improve the retirement savings system for U.S. workers, while separately, NAFCU has raised concerns around overdraft proposals.
WASHINGTON— The Federal Deposit Insurance Corporation said it is now requesting public comment on draft principles that would provide a “high-level framework for the safe and sound management of exposures to climate-related financial risks.”
RANCHO CUCAMONGA, Calif. – Co-op Solutions said it is “significantly” adding to the number of surcharge-free Co-op ATM network locations in Maine.
WASHINGTON–The Federal Trade Commission has taken action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that the FTC said millions of consumers could not use.
MADISON, Wis.— CUES said it has rolled out an updated cues.org with features designed to enhance the user experience for its membership base.