STOCKHOLM, Sweden—New research reveals 63% of consumers in Europe have abandoned financial applications in the past year.
Fresh Today
WASHINGTON–Both credit union trade groups have issued statements in response to Democrat Joe Biden’s victory in the presidential election.
LAWRENCEVILLE, Ga.—Following a strong run through most of 2020, depreciation on used vehicle values accelerated in October, Black Book is reporting.
ONTARIO, Calif.–Credit unions have the opportunity to build a “liquidity lifeline” for desperate members, especially as the pandemic continues, in the form small dollar loans, according to two people.
ONTARIO, Calif.–Why do so many people who are already credit union members or bank customers still go to payday lenders? And what can CU leaders do to better help these borrowers?
ONTARIO, Calif.–Credit unions have been offered an update on the 2020 market outlook and “Politics, Pandemics and Big Possibilities in a Divided World.”
LINCOLN, Neb.–Nebraska’s voters have voted overwhelmingly in favor of a ballot initiative that caps rates on payday loans at 36%.
WASHINGTON—The Department of Justice (DOJ) has filed an antitrust lawsuit against Visa to block its acquisition of fintech company Plaid. Plaid helps consumers connect their financial accounts to thousands of financial apps, including the popular payment system Venmo and banking and investment services like Betterment and Chime.
WASHINGTON–The decision to seek to stop Visa’s acquisition of Plaid is being hailed by the nation’s retailers.
WASHINGTON—The Consumer Financial Protection Bureau has granted a no-action letter (NAL) to Bank of America related to its “Balance Assist” small-dollar loan product.