WASHINGTON—The Consumer Financial Protection Bureau issued a consent order against 3rd Generation, Inc., doing business as California Auto Finance, for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.
LONDON–Another analysis is confirming the “rising expectation” of the cashless society.
NEW YORK—More consumers are paying their credit card bills on time.
WASHINGTON—NAFCU has joined with several other financial services industry trades to reiterate concerns to the Office of the Comptroller of the Currency (OCC) about its novel bank licensing approach and urged the agency to withdraw a recent interpretive letter and reconsider three conditionally-approved trust charters.
SPOKANE, Wash.–Beginning today, STCU said it is not just opening all of its branches for the first time in 14 months, it has actually added branches during the pandemic.
ANDERSON, Ind.–Lampco FCU has named a new president and CEO.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) said it will co-host a webinar today on digital marketing opportunities. The webinar begins at 11 a.m. ET.
ST. PAUL, Minn.–Three state credit union associations have announced plans to launch what is being called the “Tri-state Mentorship Match,” a program organizers said is “designed to build, grow, and support professionals while inspiring a commitment to a career in the credit union movement.”
ARLINGTON, Va.—NAFCU has released an updated version of its marijuana banking brief available online, which it said provides credit unions with comprehensive updates on regulatory landscape, Financial Crimes Enforcement Network (FinCEN) data and federal legislative efforts for marijuana laws.
WYOMING, Mich.–Two credit unions in Michigan are proposing to merge, while in California a CU currently involved in a merger has now proposed a separate merger that will create a multi-billion operation.
