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.
Fresh Today
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.
ALEXANDRIA, Va.–The NCUA board has voted in favor of reallocating portions of its budget, including redeploying funds after coming in under budget on employee pay and benefits.
ALEXANDRIA, Va.–In an unusual discussion that had NCUA board members talking about forgiveness and redemption, the board has voted 3-0 in favor of loosening rules to allow more people with minor criminal transgressions in their past to be hired by credit union
ALEXANDRIA, Va.–Saying the share insurance fund has suffered losses in the past when fidelity bond coverage was voided because the person who signed the bond forms also committed the fraud, the NCUA board has voted 3-0 in favor of making changes to its rules.