PURCHASE, N.Y.—While two-billion people around the world currently lack access to a bank account, global mobile subscriptions reached a staggering 7.1 billion last year and are soon expected to surpass the world’s population, Mastercard reported.
Fresh Today
OKLAHOMA CITY, Okla.–The 2016 Credit Unions Ride motorcycle tour will kick off today with rides in Oklahoma City and Tulsa.
STEVENS POINT, Wis.–For the first time in its 81-year history, Sentry Credit Union is now operating out of a space specifically dedicated to it.
WASHINGTON—The CFPB has finalized its rules on prepaid accounts, requiring financial institutions to limit consumers’ losses when funds are stolen or cards are lost, investigate and resolve errors, and give consumers “free and easy access” to account information.
NEW YORK – ATM fees set a new record high for the 10th year in a row, with the total cost of using an out-of-network ATM withdrawal rising to $4.57, according to the 19th annual checking survey conducted by Bankrate.com.
WASHINGTON–With the Consumer Financial Protection Bureau expected today to adopt a final rule on prepaid cards and to close the public comment period for its proposed rule on payday lending on Oct. 7, the Pew Charitable Trusts’ has released a compilation of its findings and conclusions around both issues.
WASHINGTON—A bipartisan group of Representatives, including multiple members of the House Financial Services Committee, have written to CFPB Director Richard Cordray expressing concerns about the Bureau’s short-term, small-dollar loan proposal, CUNA reported.
ST. PAUL, Minn.—Affinity Plus FCU and the University of Minnesota’s Gopher Athletics division have signed a multi-year marketing agreement, the credit union announced.
MALVERN, Penn.–A new white paper titled “Credit Unions and Millennials: Divided or United?” has been made available by Temenos.
TAMPA, Fla.—David Brock, president/ CEO of Community Credit Union of Rockledge, Fla., and also the current chairman of CSCU, has been named by CUES as its Outstanding Credit Union Chief Executive.