WASHINGTON–Senators Cory Booker (D-NJ) and Elizabeth Warren (D-MA) have reintroduced legislation that seeks to crack down on what they allege are exploitative overdraft fees.
Fresh Today
WASHINGTON–The nation’s banking industry must more aggressively push back against credit union acquisitions of banks, which are not just bad for America but even for credit unions themselves, according to the president of the American Bankers Association.
WASHINGTON–NAFCU has told the Government National Mortgage Association (Ginnie Mae) it “cannot agree” with a proposal that would “arbitrarily” impose a blanket risk-based capital proposal on credit unions, while additionally raising other objections, as well.
SYDNEY, Australia—In an effort to take cryptocurrency more mainstream, EML Payments and CoinJar, Australia’s longest-running cryptocurrency exchange, have introduced the CoinJar Card.
According to the organizations, collaboration will make it simple for cardholders to pay using cryptocurrency via a digital or physical card wherever Mastercard is accepted.
PLANO, Texas—SWBC will host a webinar today on how to best optimize a borrower’s user experience in order to build a successful payments program.
SAN FRANCISCO–The fintech Plaid has reached a $58 million settlement in a class-action lawsuit that alleged privacy allegations against the company. Plaid admitted no wrongdoing in the settlement, but agreed to a number of terms on how it informs consumers on the data it collects.
WASHINGTON–What is generally a quiet month on Capitol Hill, August, is seeing some nontraditional activity that credit unions are watching.
ARLINGTON, Va.–While August has long been a traditionally slow period in Washington for both lawmaking and regulatory oversight, that tradition is being bucked by development of new digital technologies, and that has credit unions interested in both what they should and can be doing now, as well as what oversight might lie ahead.
WASHINGTON–CUNA has told the Government National Mortgage Association (Ginnie Mae”) it’s time to reassess its exclusion of credit unions from the definitions of “depository institutions,” saying CUs are “dismayed” at the imposition of a separate risk-based capital calculation imposed on the industry.
WASHINGTON–Three organizations representing lenders told congressional leadership they oppose an amendment that would make changes to the False Claims Act (FCA) and that would harm the housing market and “frustrate efforts to work with the private sector to distribute COVID-related rental and homeowner assistance.”