MADISON, Wis. –CUNA Mutual Group has agreed to acquire Assurant’s prearranged funeral insurance and final expense business for approximately $1.3 billion. Assurant serves more than two-million consumers in the U.S. and Canada.
Fresh Today
NEW YORK–Even with a number of recent positive economic forecasts, a new survey of nearly 9,000 small business owners finds many are struggling.
NEWPORT BEACH, Calif.–The National Association of CUSOs (NACUSO) has announced plans to host an in-person meeting in November in Las Vegas.
DUBLIN, Ohio–The Bank of Ireland has confirmed plans to close 103 branches in the country, as it seeks to reduce its branch network by one third in the Republic of Ireland and by one-half in Northern Ireland and instead shift toward digital delivery of services.
NEW YORK–Wells Fargo has become the last of the big six mega-banks in the U.S. to issue a long-term climate commitment, saying it plans to be “net zero” in carbon emissions by 2050.
WASHINGTON–The Federal Trade Commission, along with 46 agencies from 38 states and D.C., reported it has stopped a massive telefunding operation that bombarded 67-million consumers with 1.3 billion deceptive charitable fundraising calls (mostly illegal robocalls). The defendants collected more than $110 million using their deceptive solicitations, according to the FTC.
SANTA FE, N.M.–A bill has been introduced in the New Mexico Senate that caps interest rates at 36% annually on low-dollar loans.
LONDON– PayPal has become the largest non-bank lender in the world with $54.27 billion in total assets, according to a new report.
GREAT VALLEY, N.Y.–A man connected with synthetic identity fraud schemes at banks and credit unions in Suffolk County has pleaded guilty.
LONDON—Smartphone payments such as Apple and Google Pay were used for more online purchases last year in Britain than physical debit cards, a new report reveals.