WASHINGTON—The Consumer Financial Protection Bureau announced a settlement with Cash Tyme, a payday retail lender with outlets in Alabama, Florida, Indiana, Kentucky, Louisiana, Mississippi, and Tennessee.
Fresh Today
WASHINGTON–The new Democratic-controlled House has scheduled its first hearing on the challenges marijuana businesses are facing in opening and maintaining financial accounts.
WASHINGTON—The future of financial services for marijuana businesses may be brighter if the current nominee for attorney general, William Barr, is confirmed by the U.S. Senate for the position, asserts JD Supra, a publication that provides “legal intelligence” across a number of industries.
WASHINGTON–The CFPB is proposing to delay by 15 months enforcement of a significant piece of its rule on small-dollar, short term loans that requires lenders to determine whether borrowers will be able to repay the loans.
NEW YORK–Inclusiv, which was formerly known as the National Federation of Community Development Credit Unions, and the African-American Credit Union Coalition (AACUC) have joined forces to celebrate African American credit unions in a social media campaign that illustrates the impact of credit unions on their members and communities. February is Black History month.
WASHINGTON–CUNA is calling on NCUA to do more to help credit unions prepare for the upcoming current expected credit loss (CECL) standard.
MONTEREY PARK, Calif. — F&A Federal Credit Union has named a new president and CEO. The $1.66-billion F&A has selected Tim Green to lead the organization.
DULUTH, Ga.–The $1.3-billion Georgia United Credit Union has selected Lending 360, the comprehensive account and loan origination system from CU Direct.
WASHINGTON–The positive economic impact of the credit union tax exemption and the fundamental differences between how banks and CUs operate cannot be overlooked, according to an op-ed by NAFCU’s Carrie Hunt that was published in The Hill, a publication that focuses on Capitol Hill.
NEW YORK–A generation is being crushed by student debt, but it’s not the one you may think—it’s Americans over age 60 who currently hold total student debt of $86 billion—and that amount is growing.