LONDON—The number of people using digital wallets will increase to nearly four-billion from the current 2.3 billion by 2024– 50% of the world’s population–a new study is forecasting.
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NEW YORK—The American Express Gold Card is getting a few improvements.
HANGZHOU, China—With some experts continuing to predict digital wallet usage won’t take off in the U.S. until all of the “pays” begin working together, other countries appear to be ahead of that curve.
PURCHASE, N.Y.—Mastercard has launched a Virtual Card Receivables Service, a way to digitize the reconciliation of virtual card payments for businesses of all sizes, the company said.
CHICAGO–The Appraisal Institute has “vigorously condemned” the NCUA board’s vote to increase the threshold at which a real estate appraisal is needed.
MADISON, Wis.—Both loan and membership growth at credit unions were down in May compared to one year ago, according to CUNA Mutual Groups latest Trends Report.
JACKSONVILLE, Fla.–VyStar Credit Union has become the latest to be hit with a class action lawsuit alleging violations related to overdraft fees. The suit, filed by four different law firms involved in similar litigation against other credit unions, alleges VyStar routinely assesses multiple non-sufficient-funds fees on the same item.
WASHINGTON– The Consumer Financial Protection Bureau has released a report that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collector.
ALEXANDRIA, Va.–Were it not for one person’s need for some sleep and to get married, another person wouldn’t be serving on the NCUA board right now.
ALEXANDRIA, Va.–The NCUA Board voted 2-1 to amend its rules around real estate appraisals, including increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.