WASHINGTON– Credit card issuers charged $12 billion in late fees during 2020, according to a new report from the Consumer Financial Protection Bureau (CFPB), which is predicting the fees will only increase.
Fresh Today
MADISON, Wis.–The World Council of Credit Unions will host a webinar today titled, “Credit Unions in the Digital Age.” The event will begin at 11 a.m. ET.
ONTARIO, Calif.–The California and Nevada Credit Union Leagues reported it has become the first state credit union trade association to host a one-hour session with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra.
NEWPORT NEWS Va.–Tre’quan Smith has pleaded guilty in U.S. District Court here to leading a fraud scheme that duped sailors in the U.S. Navy through online dating apps and cost 25 Navy Federal Credit Union members more than $363,000.
WASHINGTON – The Federal Deposit Insurance Corporation is now soliciting comments related to bank mergers, including between an insured depository institution and a noninsured institution.
BOSTON–Younger consumers have a stronger preference for national banks than for credit unions, according to a new survey. But there is also a bright spot.
WASHINGTON–The national midterm elections are still eight months away, but the credit union trade groups are already looking ahead.
WASHINGTON–It’s once again come down to a conference committee and backroom deals to decide what becomes of the credit union SAFE Banking Act, which would remove many of the federal prohibitions on financial institutions serving cannabis-related businesses.
WASHINGTON–Credit unions and the financial community in general are starting to get a better idea of where the CFPB’s future focus will lie, including the potential for increased regulatory burden.
WASHINGTON–It’s going to be a busy week in Congress when it comes to various hearings, with one credit union CEO set to testify at one such hearing.