SAN JOSE, Calif.–FICO has released its latest Customer Identity Management Survey, which found banks across the U.S. and Canada are struggling to meet consumers’ digital banking expectations, particularly around identity management.
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WYANDOTTE, Mich.–Michigan Legacy Credit Union is offering to give local voters a free ride via Lyft to their polling place on election day. The offer, which is for a round-trip ride, is available to anyone who live in one of five zip codes. Membership in the credit union is not required.
OAK RIDGE, Tenn.–For the third year in a row, the ORNL Federal Credit Union has paid out a special dividend to members. The $4 million special dividend was issued to members on Oct.16, during International Credit Union Week.
WASHINGTON—A bipartisan group of lawmakers has sent a letter to Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) calling for a one-year extension to existing Troubled Debt Restructuring (TDR) and Central Liquidity Facility (CLF) regulations.
ATLANTA—A federal court has shut down an Atlanta-based debt collector in response to a Federal Trade Commission complaint alleging its agents threatened consumers with arrest and imprisonment and tried to collect debts that consumers did not actually owe.
GOSHEN, Ind.–Interra Credit Union said it has signed a multi-year commitment for Lumin Digital’s cloud-native platform as the credit union’s digital banking solution for its membership. Interra will have more than 50,000 retail and business users when the credit union launches on the platform, which is slated for May 2021, the company said.
MILWAUKEE, Wis. – For the first time Corporate Central hosted its annual Economic Outlook Conference virtually this year, and is reporting that over the two-day event approximately 150 credit union professionals from 20 states across the country logged in to participate.
MARLBOROUGH, Mass.–One credit union trade association and one credit union have announced support for diversity efforts within credit unions.
CINCINNATI–A nun who works on the front lines of housing and a national analyst who tracks mortgage and housing trends both see big problems in the near future when various mortgage forbearance programs expire by year-end.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the third quarter of 2020.