WASHINGTON–A group of Senators has sent a letter to JPMorgan asking if the giant bank is again engaging in so-called “robo-signing” in which legal documents are reviewed and signed by employees who have little knowledge about the cases.
Fresh Today
BROOKFIELD, Wis.— Fiserv is acquiring Finxact, a developer of the cloud-native banking solution.
CHICAGO — In a sign of the growing presence of financial technology companies, Alliant Credit Union has announced a new hire with job responsibilities not often seen in credit unions.
WASHINGTON – A consumer advocacy group is hailing an announcement by the Department of Veterans Affairs (VA) related to medical debt.
NEW YORK—Credit unions that offer financial advising services to members will want to pay attention to one new forecast, which calls for the number of financial advisors in the United States that currently counsel their clients on crypto holdings to double in 2022.
WASHINGTON–The credit union trade groups continue to work Congress as they seek to nibble around the edges of the member business loan (MBL) cap in place for federal credit unions, which has now been in place for more than two decades. But will the cap itself ever be removed?
WASHINGTON–There are several congressional hearings of interest to credit unions and financial institutions this week, while one issue is looming over both sides of Congress.
WASHINGTON–The SAFE Banking Act has new life in Congress, but it also still has a long road to go before becoming law, according to NAFCU’s VP-legislative affairs.
WASHINGTON—NCUA has joined with numerous other federal agencies and departments in a letter to The Appraisal Foundation saying it has failed to “include clear warnings about the requirements of federal law in the standards it sets, and in the training it provides for appraisers.”
WASHINGTON—NAFCU has offered several recommendations to the Financial Crimes Enforcement Network (FinCEN) regarding who must file reports and the information that is required to be provided.