WASHINGTON—The CFPB's decision to reopen its review of credit card late fees is more likely to produce a lengthy fact-finding process than meaningful regulatory change, according to one attorney who follows the Bureau's rulemaking closely.
Fresh Today
WASHINGTON—Sen. Lindsey Graham has died at age 71 following what his office described as a "brief and sudden illness."
NEW YORK--Fraud is becoming more coordinated, more sophisticated and increasingly difficult for credit unions to detect, forcing many institutions to move beyond traditional security systems that examine individual transactions in isolation, according to a new PYMNTS Intelligence report produced in collaboration with Velera.
WASHINGTON—The sweeping bipartisan 21st Century ROAD to Housing Act became law Saturday without President Donald Trump's signature after he allowed the constitutional signing deadline to expire, ending weeks of uncertainty surrounding one of Congress' most significant housing measures in years.
KANSAS CITY, Mo.--NCUA Friday conserved $2.63-million WeDevelopment FCU here, the agency announced.
WASHINGTON—President Donald Trump said Friday he will not sign the bipartisan 21st Century ROAD to Housing Act, but the measure is still expected to become law automatically at midnight Friday into Saturday after the 10-day constitutional review period expires without a presidential signature, according to POLITICO.
ALEXANDRIA, Va.--NCUA is highlighting anti-fraud and other updates published in recently revised 314(b) guidance by the Financial Crimes Enforcement Network (FinCEN), the agency announced.
WASHINGTON--With the Senate expected to consider the FY27 National Defense Authorization Act (NDAA) when they return to Washington, America’s Credit Unions addressed several key amendments submitted for consideration in a letter to leadership.
WASHINGTON—America's Credit Unions, the Illinois Credit Union League, the American Bankers Association and the Illinois Bankers Association urged the National Credit Union Administration to stand by its interim rule preempting Illinois' interchange fee law, arguing the regulation confirms federal credit unions have broad authority to collect interchange fees and prevents a state-by-state patchwork that would drive up costs for financial institutions and consumers.
WASHINGTON—The Merchants Payments Coalition (MPC) is urging NCUA to rescind its interim final rule preempting Illinois' Interchange Fee Prohibition Act for federally chartered credit unions, arguing the agency exceeded its authority and adopted the rule without an adequate legal foundation.