WASHINGTON—The Federal Trade Commission has charged a debt collection operation with taking people’s money for fake debts they did not owe by posing as lawyers and falsely threatening to sue or have them arrested if they did not pay.
Fresh Today
WASHINGTON—The Federal Reserve’s 100 basis points in rate hikes since December 2015 will cost credit card users an extra $6 billion in interest charges this year, notes WalletHub, which pointed out that on the deposit side, bank account APYs have barely budged over the same period.
LA CROSSE, Wis.—In a move not only to preserve local history but extend its space, Marine Credit Union plans to expand its headquarters operations to the former La Crosse Plow Factory here.
WASHINGTON—House Ways and Means Committee Chairman Kevin Brady (R-TX) and Senate Banking Committee member Thom Tillis (R-N.C.) are slated to speak to credit union attendees during NAFCU's Congressional Caucus, Sept. 10-13, in Washington.
ROCHESTER, N.Y.—Several credit unions in this area will be teeing up support for the Symetra Tour's Danielle Downey Credit Union Classic this week.
BAY CITY, Mich.—Credit Union Plus here has a new name: Great Lakes Federal Credit Union.
ARLINGTON, Va.—Credit unions' commercial and member-business loans currently make up an average of about 10% of annual loan originations – compared with an average of 1.9% 10 years ago, according to NAFCU's latest Economic & CU Monitor survey results.
FOND DU LAC, Wis.–Kronos for Banking will host a webinar titled “Changing Branch Experience Expectations” on Thursday, July 20, from 1-1:30 p.m.
LONDON–Four more U.K. credit unions have been awarded the Five Star Fairbanking Mark from the Fairbanking Foundation.
NEW YORK—Crooks aren’t just turning more of their attention toward ATM skimming as a means to steal card data as EMV takes hold in the U.S., they are getting better at it.