CINCINNATI—Car lease credit applicants registered a 68.3% approval rate for August, just shy of the “healthy” mark of 70%, reports Swapalease.com, which believes Hurricane Harvey something to do with the outcome.
Fresh Today
WASHINGTON—The Consumer Financial Protection Bureau has issued a no-action letter to Upstart Network, Inc., which uses alternative data in making credit and pricing decisions.
WASHINGTON—The CFPB is creating a small business lending rule that would be “overly burdensome” for credit unions, according to CUNA.
LAWRENCEVILLE, Ga.—The rate of used vehicle depreciation increased slightly in August, according to a new report.
EDWARDSVILLE, Ill.–The $1.7-million Madco Credit Union has merged. The 561 members of Madco have agreed to merge into the $695-million 1st MidAmerica Credit Union in Bethalto, Ill.
MADISON, Wis.— CUES said that 26 credit union executives have completed all three years of its executive education program, CEO Institute.
SAN DIEGO–San Diego County Credit Union has bid $500,000 for the naming rights to Qualcomm Stadium here.
WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed final judgment in federal court that would resolve a lawsuit against Prime Marketing Holdings, LLC for illegal credit repair practices.
CHICAGO—The Illinois Division of Financial Institutions has suspended the operations of St. Elizabeth's Credit Union for 60 days in an order issued on August 9.
ST. PETERSBURG, Fla.–Teachers Credit Union, the largest credit union in Indiana, has signed a renewal agreement for credit card processing services with PSCU, the CUSO has announced.