WASHINGTON—The Consumer Financial Protection Bureau is moving to compensate consumers harmed by the collapse of Synapse Financial Technologies, a now-bankrupt banking-as-a-service (BaaS) provider, PYMNTS reported.
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WASHINGTON— The CFPB has wrapped up nearly all regulatory matters flagged by its examiners as Trump-appointed leaders move to dismiss most of the agency’s remaining staff, Bloomberg Law reported.
MILWAUKEE—Millennials may be driving record loan balances at credit unions, but new research from Raddon shows they’re also hitting the brakes on borrowing—overwhelmed by debt and struggling to keep up with payments.
MIAMI— A rise in collection accounts within a city is often a sign that more residents are struggling to keep up with their bills.
MARLBOROUGH, Mass.— Grace Lee has been named CEO of the $1-billion St. Mary’s Credit Union here.
BATON ROUGE, La.—Neighbors Federal Credit Union has named Jody Caraccioli president and CEO, effective January 2027.
JACKSON HOLE, Wyom.— Federal Reserve Chair Jerome Powell on Friday offered only a cautious signal that rate cuts could be on the horizon, pointing to the heightened uncertainty complicating the central bank’s decision-making, CNBC reported.
WASHINGTON--The CFPB has published an advance notice of proposed rulemaking (ANPR) to revise its personal financial data rights (PFDR) rule, associated with Section 1033 of the Dodd-Frank Act, America's Credit Unions reported.
CHEYENNE, Wyo.—Wyoming has become the first U.S. state to roll out a government-backed stablecoin, unveiling the Frontier Stable Token (FRNT) on Aug. 19, AInvest reported.
WASHINGTON – Existing-home sales increased by 2.0% in July, according to the National Association of REALTORS Existing-Home Sales Report.