RICHMOND, Va.—The Virginia House and Senate have passed legislation to establish a consumer data protection law in the state, but it comes with a provision not found in the earlier California Consumer Privacy Act (CCPA) that many have held up as a model--the Virginia bill includes language to exclude entities covered by the federal Gramm-Leach-Bliley Act (GLBA), including credit unions.
Fresh Today
CUMBERLAND, Md.–Chessie Federal Credit Union has named a new CEO. The $352-million CU has selected Scott Kline to lead the organization, succeeding Richard “Doc” Daugherty, who retired after 33 years of service.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) and its Credit for Agriculture Producers (CAP) Project reported they have agreed to provide technical assistance and international best practice expertise to Ukraine’s Individual Deposit Guarantee Fund (DGF) in a joint effort to establish a deposit guarantee system for the country’s credit unions.
WASHINGTON—The CFPB is now accepting applications for its previously announced tech sprint on Home Mortgage Disclosure Act (HMDA) data reporting.
NEW YORK—Personal loans were the fastest-growing debt category in 2019, but that changed in 2020, according to new data from Experian.
LONDON–The British government plans to introduce rules for the “buy-now pay-later” (BNPL) credit market after the unregulated market spiked as consumers struggled during coronavirus pandemic lockdowns.
NEW YORK–Delinquency rates in commercial properties have improved in the new year, but there are indications that the improvement could be showing signs of a reversal, according to a new analysis.
BROOKFIELD, Wis.–Fiserv announced it is expanding access to card-free ATM withdrawals for consumers across the country. The company said CardFree Cash, which enables consumers to use their mobile device to securely access their accounts, is now accessible via the popular CardValet mobile app and available on Diebold Nixdorf and NCR ATMs driven by Fiserv, the company said.
WASHINGTON–The acting director of the Consumer Financial Protection Bureau said the agency will end the “pause” that has been in place around Home Mortgage Disclosure Act (HMDA) reporting, CARD Act data collection and more.
NEW YORK—New research suggests security concerns are at the heart of distinctions between consumers’ attitudes toward using debit, credit or other options to pay online.