VIENNA, Va.—Navy FCU’s online and mobile banking app went down last week, frustrating many members and prompting at least one person to consider moving their account, MSN.com reported.
Fresh Today
WASHINGTON—The Trump administration's dismantling of the CFPB has been put on hold.
TROY, Mich.— Small business owners, unhappy with the overall cost of payment processing services, are applying surcharges to customer purchases, a new study shows.
NEW YORK—The consumer appeal of P2P payments continues to rise, as Zelle reported it crossed $1 trillion in total volumes last year.
DULUTH, Minn.— About 100 Members Cooperative CU account holders have been victimized by a skimming attack on a local POS device, the credit union said.
WASHINGTON—The proposal from Sens. Bernie Sanders (I-VT) and Josh Hawley (R-MO) to cap credit card interest rates at 10% would severely limit access to credit for individuals and small business owners who rely on personal credit cards for liquidity, the American Bankers Association and 52 state bankers associations wrote to the senators, the ABA Banking Journal reported.
WASHINGTON—The CFPB laid off 70 to 100 additional employees Thursday, according to a news report, potentially signaling the Trump Administration is clearly taking steps to dismantle the agency.
WASHINGTON—A bill introduced this week by Sen. John Kennedy (R-LA) would repeal the CFPB’s small business data collection rule under Section 1071 of Dodd-Frank, America’s Credit Unions noted.
WASHINGTON—Environmental Protection Agency (EPA) Administrator Lee Zeldin has called for a pullback of Greenhouse Gas Reduction Fund (GGRF) money, saying the agency will terminate its contract with the bank overseeing the fund money and expects the money to be returned to the Department of the Treasury, America’s Credit Unions reported.
PORTLAND, Ore.—The $17-billion First Tech FCU is stepping heavily into sports team sponsorships with “First Tech Beyond,” a program that brings together its sponsorships with four local professional teams: the Timbers, Thorns, Trail Blazers and the city’s new WNBA team.