WASHINGTON—There could be a "loosening" of crypto-related rules financial institutions’ future, according to Federal Reserve Chairman Jerome Powell.
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NEW YORK— A new study reveals that the U.S. accounted for 90% of global bank fines imposed in 2024.
NEW YORK—Metal bank cards are no longer just stylish status symbols for the ultra-wealthy. The latest generation now integrates biometric authentication and tap-to-verify technology, enabling users to approve transactions instantly, PYMNTS.com reported.
WASHNGTON--Single-family home prices increased 5.2% from Q1 2024 to Q1 2025, largely unchanged from the previous quarter’s year-over-year growth pace of 5.3%, according to the latest reading of the Fannie Mae Home Price Index (FNM-HPI).
WASHINGTON—The American Bankers Association called on the current leadership of the Consumer Financial Protection Bureau to "restore balance to the policy conversation surrounding the credit card market," following a series of actions by the previous administration that, according to the ABA, used the Bureau to target credit card services and products unfairly, the ABA Banking Journal reported.
WASHINGTON--In a letter to the CFPB Thursday, America’s Credit Unions addressed credit union priorities related to the consumer credit card market. It highlighted the industry’s commitment to pricing and data transparency and addressed the need for interest rate cap reform.
WASHINGTON--In its newly released 2025 exam and supervision priorities sent to staff, the CFPB says it will focus its enforcement and supervision resources on threats to consumers--in particular veterans, service members and their families. The Bureau outlined 11 priorities, America's Credit Unions reported.
MIAMI—Should credit unions be carefully watching credit card portfolios for a rapid rise in delinquencies—especially due to rising costs related to the Trump tariffs?
NEW YORK—Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission’s allegations that the company deceived consumers about how much money they could get and how fast that money could be available, the FTC reported.
WASHINGTON—Noting he has no crystal ball, America’s Credit Unions President and CEO Jim Nussle said he and his organization are uncertain about what the future looks like at NCUA.