TALLAHASSEE, Fla.–The League of Southeastern Credit Unions said NAFCU’s interpretation of the risk to CUs from a new state law in Florida overlooks the fact credit unions are exempt.
Fresh Today
ANAHEIM HILLS, Calif.–Two California credit unions have announced plans to merge.
WASHINGTON—The Consumer Financial Protection Bureau has released an enforcement compliance bulletin reminding landlords, consumer reporting agencies (CRAs), and others of their obligations to accurately report rental and eviction information.
BROOKLYN, N.Y.–Polish & Slavic FCU has awarded $500,000 in scholarships to 421 students in nine states and District of Columbia. The winners include 136 college students and 285 high school seniors.
ALEXANDRIA, Va.–The risk of improper payments related to NCUA’s various programs is low, according to the agency’s Inspector General.
WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed order in federal district court against Burlington Financial Group and its owners and executive for allegedly deceiving consumers into hiring the company to lower or eliminate credit-card debts and improve consumers’ credit scores.
ARLINGTON, Va.– The National Consumer Cooperative Bank (NCB), the holding company of National Cooperative Bank, with which numerous credit unions have relationships, has issued a $41 million patronage refund to 1,657 cooperative stockholders nationwide, including $12.3 million in cash.
WASHINGTON–A consumer group is praising the CFPB’s final rule under the Real Estate Settlement Procedures Act (RESPA) related to helping homeowners impacted by the COVID-19 pandemic, but said the new protections need to be extended.
NEW YORK–A bipartisan coalition of 28 attorneys general has expressed support for a bill designed to improve the ability of the Federal Trade Commission (FTC) to combat fraudulent and anticompetitive conduct.
HAMPSHIRE, U.K.–A new study is forecasting the global value of virtual card transactions will reach $6.8 trillion in 2026, from $1.9 trillion in 2021.