WASHINGTON–– The Consumer Financial Protection Bureau has issued an interpretive rule clarifying screening and training requirements for financial institutions that employ loan originators with temporary authority. The rule became effective on Nov. 24, 2019.
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BAKERSFIELD, Calif.—The steady migration of federally-chartered CUs to a state charter continues. The latest to make the move is the $1.7-billion Kern Schools FCU, which has applied to convert to a state charter, according to a posting on the California Department of Business Oversight website.
MIAMI/BOSTON–A new survey finds half (46%) of Americans admit they have been a victim of fraud, and nearly all (92%) think the risk of fraud is increasing in their day-to-day activities.
LITTLE ROCK, Ark.–Orion FCU continues to expand into Arkansas and has also discussed additional expansion into Mississippi.
ARLINGTON, Va.—Looking for guidance related to escrowing of flood insurance for credit unions that have recently gone through a merger?
WASHINGTON—A new survey of incoming college students found one-in-10 college students think credit cards are free money. survey of incoming college students found one-in-10 college students think credit cards are free money.
TORONTO—Canada’s largest bank, the Royal Bank of Canada (RBC), will likely deploy a cryptocurrency trading platform the company said will include many use-cases for its customers.
WASHINGTON—The CFPB is seeking summary judgment in a lawsuit brought against it for allegedly violating the Administrative Procedures Act (APA).
NEW YORK—The average American has three credit cards with a median combined limit of $9,500, according to a new survey about credit card preferences and habits by The Ascent.
WINSTON-SALEM, N.C.–Truliant FCU here will become the first credit union in the state that will be able to offer complete e-closing services on mortgages, according to North Carolina Secretary of State Elaine F. Marshall.