DALLAS—A Texas federal district court has issued a stay in a lawsuit filed by two trade groups challenging the CFPB’s final payday/auto title/high-rate installment loan rule. The stay also applies to the August 19, 2019 compliance date for both the Payday Rule’s ability-to-repay (ATR) provisions and its payment provisions.
Fresh Today
NEW YORK—More than one-quarter of all malware attacks target the financial services sector, which in the last year has seen dramatic spikes in credential theft, compromised credit cards, and malicious mobile apps as cybercriminals seek new ways to generate illicit profits, a new report indicates.
HEATHROW, Fla.–As the summer travel season heats up, it appears gas prices are moving in the opposite direction of temperatures, which will likely influence the types of cars Americans are buying and financing.
FERNDALE, Mich.—The $1.4-billion Credit Union ONE here is now using the OnApproach M360 Enterprise platform from Trellance.
HOUSTON–Dolphin Debit has acquired Outsource ATM, adding 65 new clients, primarily credit unions and banks in Texas and Louisiana. Terms of the acquisition were not released.
MEMPHIS, Tenn.–Orion FCU here is now in the process of moving its corporate headquarters to the former Wonder Bread bakery building at 400 Monroe Avenue here.
YANKTON, S.D.–Services Center Federal Credit Union has named a new CEO. The $70-million SCFCU has selected April Tomkins to lead the organization.
REGINA, Saskatchewan–Conexus Credit Union has announced plans to close nine branches across the province, primarily in small communities.
MADISON, Wis.—More than 2,200 people attended Summit Fest, the annual meeting and family event hosted by Summit Credit Union here at Mallards Stadium, better known as the Duck Pond.
GREENSBORO, N.C./MILWAUKEE, Wis., – Vizo Financial Corporate Credit Union and InterLutions, a CUSO of Corporate Central CU, said they are partnering to provide Vizo Financial member CUs with access to expanded healthcare offerings through InterLutions’ I-Care solution.