WASHINGTON—As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued a small entity compliance guide it said is meant to provide information on the requirements for accessing beneficial ownership information (BOI).
COLUMBUS, Ohio–Fresh off the Navy Federal Credit Union NHL Stadium Series games at MetLife Stadium in New Jersey, next year’s event and host have been announced.
WASHINGTON – Treasury said it is seeking to improve financial inclusion among tribal communities.
NEW YORK—Are security concerns slowing some credit unions’ use of AI?
ONTARIO, Calif.– Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, has announced plans to retire later this year after more than four decades of financial services leadership.
NEW YORK–More attention was pointed at the alleged mortgage lending bias at Navy Federal Credit Union when the Rev. Al Sharpton, founder and president of the National Action Network (NAN), joined attorney Ben Crump and nine alleged victims during a press conference to announce a class action lawsuit against the world’s largest credit union.
WASHINGTON–A new report issued by three bank regulators has identified declining credit quality trends as the result of higher interest rates on leveraged borrowers, as well as ongoing squeezes in some commercial market sectors.
NEW YORK— Not surprisingly, new research confirms that Americans who are already facing tight finances are more intensive users of buy now, pay later offerings, with the majority of them tapping the short-term installment payment programs five or more times a year.
NORTH LIBERTY, Iowa–GreenState Credit Union said the $73 million loss it posted in Q4 2023 was the result of loan defaults and the fast increase in interest rates.