WALNUT CREEK, Calif.–A new analysis using has determined the cost and time required to repay the median credit card balance in more than 2,500 U.S. cities, including the cities where residents have the most and least debt.
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AUSTIN, Texas–A new fintech promoting free ATM withdrawals, no overdraft fees and even ownership in the bank has raised $30 million from investors.
WASHINGTON—The operators of two Florida-based student loan debt relief schemes have been banned from debt relief business as part of agreements settling Federal Trade Commission allegations that they collected illegal upfront fees and falsely promised to help some consumers enroll in government programs that would reduce or forgive their student loan debt.
WASHINGTON–Rep. Cedric Richmond (D-LA) has introduced the American Housing and Economic Mobility Act in the House, which seeks to reduce rent costs and provide greater access to home ownership through first-time homebuyer payment assistance.
WASHINGTON—NAFCU told Congress the Current Expected Credit Loss (CECL)] standard is an unnecessarily complex accounting method for credit unions and only adds to mounting regulatory stress.
WASHINGTON—The Bureau of Consumer Financial Protection will issue a proposal to revise its current “No-Action” letter policy, CUNA reported.
WASHINGTON–NAFCU has hand-delivered a letter to new Bureau of Consumer Financial Protection Director Kathy Kraninger in which it outlined the association’s top tenets and priorities, in addition to providing a more detailed discussion of the priorities that specifically concern the Bureau.
MADISON, Wis.–Tickets and sponsorships are now available for purchase for the 31st annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards on March 11, 2019 at the Marriott Marquis in Washington.
WASHINGTON—Total consumer credit rose 7.7% in October.
OKLAHOMA CITY, Okla.–True Sky Credit Union has named a new CEO.