WASHINGTON–Five federal financial regulatory agencies have adopted a final rule to exclude community banks from the Volcker Rule, saying the rule is consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.
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ONTARIO, Calif.–Credit unions headquartered in California have surpassed $200-billion in assets for the first time, closing the first quarter at $206-billion.
NEW YORK—Citi is overhauling its credit card rewards programs, and consumers may not like the changes, one analysis suggests.
LAFAYETTE, La. –A contest that involved members uploading pictures of their ugly cars to a special website has resulted in a near doubling of auto loan volume for one credit union.
NEW YORK—Two separate actions have been taken against proprietors of debt-collection firms, including a guilty plea from one former CEO.
WASHINGTON—While the use of artificial intelligence and machine learning technologies by the financial services sector can transform systems and processes, it also increases bias, inclusion and risk management concerns, according to witnesses appearing before a hearing by the House Committee on Financial Services’ Artificial Intelligence Task Force.
GERMANTOWN, Md.–SkyPoint FCU here has launched Flex Loan, a new small dollar loan product designed to help their members deal with unexpected cash needs with what it described as an easy-to-use application process.
PANAMA CITY, Fla. — Tyndall Federal Credit Union here is “planting it forward.”
NEW YORK—JPMorgan Chase is trying to require its credit card customers to go into private arbitration to settle disputes, even if they involve an older account, by reintroducing provisions it dropped a decade ago, a new report indicates.
BASEL, Switzerland—The Bank for International Settlements (BIS) has issued its annual report for 2019, expressing concerns over the expected disruption as big tech firms like Facebook enter the financial space.