WASHINGTON—A group of so called “phantom debt collectors” will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement with the Federal Trade Commission.
Fresh Today
SAN DIEGO–A college bowl game that is annually one of the highest-profile sponsorships by a credit union in the country was cancelled just hours before it was to be played on Tuesday night.
NEW YORK–The growth of home prices in the U.S. slowed for the second straight month in October, an indication that the hot housing market may be starting to cool at least a bit.
ARLINGTON, Va.— Don’t look for the effects of the Omicron variant or potential rate increases in 2022 to put much of a dent in the robust housing market, one economist is forecasting.
ARLINGTON, Va.—NAFCU has sent a letter to the Financial Accounting Standards Board (FASB) sharing the association’s response to the Proposed Accounting Standards Board Update that eliminates accounting guidance for troubled debt restructurings (TDR) and enhances certain disclosure requirements.
ARLINGTON, Va.—Total retail sales grew 0.3% in November after increasing 1.8% in October, and one economist believes the data could indicate inflationary pressures are easing.
NEW YORK–There are a total of 416 community development financial institution (CDFI) credit unions in the U.S. as 2021 comes to a close, the highest number in history, according to Inclusiv.
ROYAL OAK, Mich.–Several more C-suite positions have been added to CUToday.info’s free job board, The Gig.
NAIROBI, Kenya–Digital banking startup Kwara has raised $4 million in a seed funding round to further develop its neobank app in Kenya as it seeks to turn traditional savings cooperatives into modern digital banks, according to the company.
CHICAGO–The globe’s best financial institutions when it comes to “outside-the-box thinking in breakthrough technologies, state-of-the-art design and implementation, that drive efficiency and enterprise profitability” have been announced.