SAN FRANCISCO–A class action lawsuit has been filed against Wells Fargo alleging it knowingly aided three Internet schemes whereby consumers were offered “free” trials of products only to be charged full price and enrolled in monthly programs.
LAWRENCEVILLE, Ga.—As lenders branch out to offer different types of vehicle loans, such as RVs, Black Book said it is adding specialty vehicles into the firm’s mobile and desktop application, Black Book Cherry.
SEOUL, South Korea—South Korea’s four major cryptocurrency exchanges have launched a joint venture ahead of the upcoming implementation of domestic and global anti-money laundering regulations, the companies announced.
SANDY, Utah–A man here has been arrested for allegedly robbing two credit unions using demand notes that both ended with the words “thank you.”
PARIS—In a new report, the European Banking Authority (EBA) has outlined proposals to encourage the adoption and use of RegTech in the EU — which, its providers argue, boosts efficiency and effectiveness and lessens the impact of regulatory changes.
WASHINGTON — Sen. Chuck Schumer (D-NY), the Senate majority leader, said he plans to propose legislation to decriminalize marijuana at the federal level. Should Schumer’s bill see success, it would break a logjam in the Senate, which has consistently failed to pass legislation to decriminalize cannabis even as the House has passed such legislation.
WASHINGTON–A new report from the CFPB says most consumers have exited any loan payment assistance they may have received early in the coronavirus pandemic, and that includes those who live in communities hit hardest fallout from the crisis. But there is one exception: those getting assistance for student loans.
MADISON, Wis.–The World Council of Credit Unions has announced a number of board changes, while its incoming CEO also addressed the organization for the first time.
WASHINGTON–The chairman of the Federal Reserve told the House the current increase in inflation is temporary, although it will remain elevated in the months ahead before moderating.
WASHINGTON–Moratoriums put in place by the federal government on mortgage foreclosures during the pandemic helped reduce foreclosures by 85% from June 2019 to June 2020, with foreclosures remaining low through February 2021, according to a new report from the Government Accountability Office (GAO).
