WASHINGTON—The CFBP has taken action against CarHop, one of the country’s biggest “buy-here, pay-here” auto dealers, and its affiliated financing company, Universal Acceptance Corporation, for providing damaging, inaccurate consumer information to credit reporting companies.
NEW YORK–The annual transaction volume of online peer-to-peer (P2P) lending platforms will increase by an average of 80% over the next five years, according to a projection by Statista’s Digital Market Outlook.
WESTBROOK, Maine—“Wicked Whoopies” are among the testimonials that are in the latest flight of ads that are part of the Maine Credit Union League’s statewide awareness campaign, themed “Own It.”
PLEASANTON, Calif.—Patelco Credit Union reported it recently partnered with the CO-OP network to raise $20,000 for Bay Area Children’s Miracle Network hospitals.
ATLANTA—Two payments processors that have both been victimized by data breaches are looking to combine.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has named Nichole Seabron as its new vice president, legislative/regulatory counsel.
MADISON, Wis.—CUES is saying thank you to a group of credit union professionals it called “dedicated CUES members” for their contributions toward the development of two new virtual tools: the myCUES app and CUES Learning Tracker.
LAKE FOREST, Ill.—Checking balances are becoming a barometer of economic activity, reflecting pressure from other influences such as gas prices, according to one economist who also cautions that checking business could be on the move soon.
WASHINGTON—The 2016 government spending bill was signed into law by President Barack Obama Friday.
WASHINGTON—Perhaps reflecting anticipation that the Fed would raise rates, Freddie Mac’s Mortgage Market Survey shows rates on fixed mortgages were up for the second week in a row.
