CAMBRIDGE, Mass.—How do parents feel about their debt? Ask their kids.
Fresh Today
NEW YORK—While consumer debt is increasing, consumers appear to be managing it pretty well.
CANBERRA, Australia–Perhaps fittingly, in what appears to be a scenario upside down when compared to that in the U.S., bankers in the Land Down Under are calling for the closure of a “loophole” in consumer protections that allow credit unions and others to act in ways they say don’t protect borrowers of short-terms loans.
WASHINGTON—The operators of a Georgia-based debt collection business that allegedly used false claims and threats to get people to pay debts – including debts they did not owe or that the defendants had no authority to collect – have been banned from the debt collection business and from buying or selling debt, under settlements with the Federal Trade Commission.
MADISON, Wis.– The National Credit Union Foundation said it has opened CUAid to receive disaster relief funds to assist credit union people affected by Hurricane Florence.
WILMINGTON, N.C.–Credit unions across the Carolinas and
WASHINGTON—A bill establishing national data breach notification requirements for all financial entities – including the credit bureaus – is slated for review today by the House Financial Services Committee, which will also mark up two other key bills.
AUSTIN, Texas—For a credit union to be successful and overcome challenges–such as having the mortgage department all resign on one day–one CEO says it first must find its “true north.”
AUSTIN, Texas–When are your members most likely to be shopping for a home loan? Between 9-5 when your branches are open, or between 9 and midnight, when it’s easiest to shop mortgages using an app?
AUSTIN, Texas–Just because a credit union’s original common bond no longer exists, doesn’t mean a CU no longer has one, according to one CU that has rekindled that bond by saying “Thank USE.”