WASHINGTON–The Consumer Financial Protection Bureau (CFPB) said it is stepping up its focus on certain student loan servicing activities.
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NEW YORK—The emerging popularity of buy now, pay later (BNPL) payments does not seem to be dampening enthusiasm among credit card-holders, even though some analysts have suggested BNPL is affecting card volume.
LONDON–Younger people in the United Kingdom are ditching credit cards, according to a new analysis released by GlobalData, which notes the trend is partly due to the popularity of buy-now-pay-later (BNPL) offers.
WASHINGTON—Credit unions are well positioned to remove barriers to credit faced by small and minority-owned businesses, CUNA wrote to a House Financial Services Subcommittee.
WASHINGTON—One of the most important things that Congress could do to close economic disparities, promote financial inclusion, and help small businesses would be to ensure that federal law permits all federal credit unions to serve underserved areas, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee.
TALLAHASSEE, Fla.—The Florida Senate Appropriations Committee has given approval to a bill that defines how Bitcoin and other cryptocurrencies could be sold or traded by money services companies in this state.
FACT Coalition Submits Detailed Input on Draft Corporate Transparency Act Rule, Beneficial Ownership
WASHINGTON—The Financial Accountability and Corporate Transparency (FACT) Coalition has submitted detailed comments in response to the Treasury Department’s call for public input on a draft rule to implement the Corporate Transparency Act (CTA).
NEW YORK— The stereotype of the cryptocurrency owner is of a high-earning white male, but new research finds that other demographics — particularly minorities — are also turning to Bitcoin and other cryptocurrencies.
WASHINGTON—Mission-driven Community Development Financial Institution (CDFIs) and Minority Depository Institutions (MDIs) have transformative potential, HOPE CEO Bill Bynum told members of the House Financial Services Committee this week.
WASHINGTON—Total retail sales rose by 3.8% in January, following a decline of 2.5% in December and a 0.7% increase in November.