OTTOWA, Canada—Even as open banking continues to grow around the world, Canada’s federal government is expected to table a second bill on open banking after the 2024 fall economic statement.
Fresh Today
MONTPELIER, Vt.—In a move aimed at protecting Vermonters from fraudsters, the state has passed legislation regulating cryptocurrency kiosks, which allow people to quickly buy virtual currencies with cash or debit cards.
BENTONVILLE, Ark.—The buy now and pay later (BNPL) market continues to expand, and this time through one of the country’s largest retailers, which is already a player in the BNPL space.
WASHINGTON—The CFPB said it has taken action against Western Benefits Group for allegedly charging illegal advance fees for student loan debt relief services and misrepresenting to consumers that advance fees would go toward paying down their loans.
GREENSBORO, N.C.–Vizo Financial Corporate Credit Union will host a webinar today titled “Regulations for All Payments Systems.” The webinar will run from 2-3:30 p.m. ET.
TROY, Mich.— In what likely won’t come as a big surprise to financial services providers, the new J.D. Power 2024 U.S. Consumer Lending Satisfaction Study has found customer satisfaction with consumer loans is highest among those with the highest levels of financial health and significantly lower among those who are overextended or financially vulnerable.
WASHINGTON—Credit unions are experiencing an “unprecedented battle” on non-interest income, America’s Credit Unions Chief Advocacy Officer Carrie Hunt wrote to NCUA Chairman Todd Harper and CFPB Director Rohit Chopra, stating the “challenges” stem from the actions of both agencies.
PHILADELPHIA–Credit unions that wish to file a claim in the $28.5 million settlement over a data breach at WaWa convenience stores now have a deadline for doing so, as well as a website at which to file claims.
ATLANTA–Georgia Gov. Brian Kemp has signed HB 876 into law.
NEW YORK–Actors Federal Credit Union has named a new president and CEO.