WASHINGTON—More people are saving for emergencies and other unexpected expenses as the use of mobile banking soars, according to a report on the ways Americans bank released by the FDIC.
Fresh Today
VIENNA, Va.–With a quarter-million military members transitioning out of the service every year, Navy FCU has partnered with Operation Homefront to compile a list of the Best Cities After Service 2020.
WASHINGTON–The Consumer Financial Protection Bureau has filed a lawsuit against Driver Loan, LLC, and its CEO, Angelo Jose Sarjeant, for allegedly engaging in deceptive acts or practices in taking deposits from and offering credit to consumers.
HAMPSHIRE, U.K.–A new study from Juniper Research has found the total transaction value of smart home payments, or the payments that occur via smart home devices, will exceed $164 billion in 2025, from $22 billion in 2020.
WASHINGTON—A reorganization of the Consumer Financial Protection Bureau’s enforcement and supervision unit could mean less oversight of small firms such as payday lenders and debt collectors, according to one analysis.
LONDON—More than 20 regulators from countries that include the United Kingdom, Canada, the U.S. and Australia have opened applications for a global fintech “sandbox” following a trial in 2019.
MADISON, Wis.–CUNA’s economists say they are “very concerned” by several new economic findings, while simultaneously reporting a separate data point about credit unions that is surprisingly good.
ARLINGTON, Va.—The October employment report indicated a similar number of jobs were added compared with September, “but the underlying details were more positive," said NAFCU Chief Economist and Vice President of Research Curt Long.
WASHINGTON—If a recent court ruling is upheld, credit unions and CUSOs will be required to release the names of those to whom they made Paycheck Protection Program loans.
WASHINGTON—The federal government is being overwhelmed with reports of potential fraud in the Paycheck Protection Program, which likely won’t come as a surprise to many in credit unions given the speed with which applications were being accepted and processed.