NEW YORK–Described as a year of “penny-pinching and Pelotons,” a new analysis of how the COVID-19 era has changed consumers has identified three key trends, including “seemingly contradictory” consumer behaviors.
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued an Advance Notice of Proposed Rulemaking (ANPRM) to it said is designed to solicit public comment on a wide range of questions related to the implementation of the beneficial ownership information reporting provisions of the Corporate Transparency Act (CTA).
JACKSON, Mich.–American 1 Credit Union is reporting it awarded $8,000 to members as part of an auto loan promotion.’
WASHINGTON–The Community Development Financial Institutions Fund (CDFI Fund) staff will host an informational pre-application webinar for the Small Dollar Loan Program on April 13, 2021.
NEW YORK—Tech-savvy fraudsters stealing from government pandemic relief programs to help businesses have found a convenient way to launder the money: they’re opening accounts with at least four online investment platforms, law enforcement officials said.
CHICAGO–A greater share of people with low credit scores has been falling behind on their car payments in recent months, indicating the stress being felt by consumers hit hardest by the pandemic, according to new data from TransUnion.
WASHINGTON–The Biden administration is suspending collections on defaulted student loans held by more than one-million borrowers.
WASHINGTON–Housing advocates from a number of consumer groups are speaking out against proposed rules from the CFPB that the Bureau said are designed to ensure homeowners do not face foreclosure once many forbearances expire.
MADISON, Wis. – CUNA Mutual Group is reporting it closed 2020 with more than $4 billion in revenue and $146 million in net income, growing total assets by 15.7% to $28.49 billion. Liabilities totaled $23.82 billion.
CHARLOTTE, N.C.–Two North Carolina credit unions are moving forward with a merger that will also lead to a new name.