WASHINGTON—The Consumer Financial Protection Bureau is on the lookout for financial services industry players hoping to “game” open banking for their own benefit, according to one new report.
Fresh Today
BILOXI, Miss.–Keesler Federal Credit Union said it has become the Official Credit Union of both NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans.
DALLAS— Current market themes affecting financial institutions in 2024 were a key topic of discussion during the first day of ALM First’s Financial Institute here.
EAST LANSING, Mich.–Michigan State University FCU said it has entered into a partnership with social finance app Frich Money as part of an effort to attract and retain younger members.
LIMA, Peru—The USAID/WOCCU Economic Inclusion Project (EIP) is reporting it joined local partners to host a Global Money Week event featuring 25 financial institutions, public and private entities and NGOs that provided trainings, presentations and workshops to promote financial education and raise awareness about the importance of savings for local and migrant entrepreneurs.
WASHINGTON — The Consumer Financial Protection Bureau (CFPB) has issued a new circular warning remittance transfer providers that “false advertising” about the cost or speed of sending a remittance transfer can violate federal law.
WASHINGTON — The American Bankers Association wasted little time in offering its thoughts after the Federal Deposit Insurance Corporation (FDIC) said it was seeking public comment on proposed revisions to a new Statement of Policy on Bank Merger Transactions.
WASHINGTON—A CFPB proposal that would prohibit certain fees for instantly declined transactions has a “broad unfair, deceptive, and abusive acts or practices (UDAAP)” approach that concerns America’s Credit Unions, the organization wrote in comments filed with the Bureau.
WASHINGTON—The CFPB does not understand the scope of what it is asking regarding a proposed new information collection related to auto lending, according to a number of groups that includes credit unions.
RALEIGH, N.C.–After its most recent board elections results ended in dissidents ousting three members of its board, State Employees Credit Union said it is studying potential changes to how members elect board members.