WASHINGTON—Rep. French Hill (R-AR) has sponsored a bipartisan bill that would provide a safe harbor for financial institutions that maintain a customer account at the request of a federal or state law enforcement agency, according to the congressional record summary.
Fresh Today
HAUPPAUGE, N.Y. – GrooveCar Direct announced 15 new partners joined the program during the fourth quarter.
NEW YORK–One major card issuer has come up with a unique method to drive usage of digital wallets.
NEW YORK—The U.S continues to lag behind other countries in consumer adoption of mobile wallets.
WASHINGTON—The Consumer Financial Protection Bureau has announced a settlement with Enova International, Inc., an online lender that extends unsecured payday and installment loans, and lines of credit based in Chicago.
ALBANY, N.Y.—Stock and crypto trading app Robinhood has received a BitLicense to operate in New York, according to the New York State Department of Financial Services.
MADISON, Wis.–Credit union loan growth remained strong through November 2018—although once again there are strong disparities between large and small CUs–whileaverage annualized loan yields rose to 4.66% as old lower-rate loans repriced.
CHICAGO–A slick website has been created that seeks to challenge the value of credit unions and the “risk” from credit unions to the American taxpayer, and which suggests money saved from the tax exemption is not going where Congress is intended.
WASHINGTON — For the first time in recent memory, the Federal Reserve has indicated it doesn’t anticipate any additional rate increases.
WASHINGTON—Dozens of banking groups have filed a joint amicus brief to support the American Bankers Association's appeal of the lower-court decision in a lawsuit challenging the NCUA's field of membership rule.