WASHINGTON—Mortgages and debt collection continue to be a focus of consumer complaints to the CFPB.
Fresh Today
WASHINGTON—Responding to a letter from NAFCU, the CFPB stated that it plans to implement statutory changes to privacy notice requirements, stemming from the transportation bill, for credit unions.
RUTLAND, Vt.–Ron Hance, who had a celebrated credit union career while leading Heritage Family FCU here before retiring in 2014, has died. Mr. Hance was 71.
CLEVELAND, Ohio–The string of convictions and sentencings related to the 2010 failure of St. Paul Croatian FCU continues.
TUKWILA, Wash.—BECU said it will be expanding east into the Spokane market in 2016, where the $14-billion credit union said it plans to open several Financial Centers.
PORTLAND, Ore.—The rapid rise of the online bank Simple was profiled by USA Today, which noted that while it may be a banking service, its CEO and co-founder does not want consumers to view it that way.
WASHINGTON–The FDIC said it has reached settlements with WEX Bank, Midvale, Utah, and Higher One, Inc., New Haven, Conn., an institution-affiliated party of WEX Bank, for deceptive practices in violation of Section 5 of the Federal Trade Commission Act.
ALEXANDRIA, Va.–NCUA’s chief economist is cautioning that while the strengthening economy is good for credit unions, there is still uncertainty about the economic outlook and future path of interest rates.
MANITOWOC, Wis.–UnitedOne Credit Union here has selected FMSI’s Omnix Staff Scheduler, Omnix Interactive Dashboard, and Omnix Performance Analytics solutions.
NEW YORK–Credit unions were given a number of props in a review of iOS and Android apps by MagnifyMoney.