NEW YORK – The New York Attorney General’s Office has filed an amended complaint, expanding its lawsuit against Digital Currency Group (DCG), DCG’s CEO Barry Silbert, and Genesis Global Capital, LLC and its affiliates’ former CEO, Soichiro Moro, for defrauding additional individuals and institutions of an additional $2 billion.
Fresh Today
OAKLAND, Calif.–California Attorney General Rob Bonta has issued letters to credit unions and banks in the state under $10 billion in assets that overdraft and returned deposited item fees may violate California’s Unfair Competition Law (UCL) and the federal Consumer Financial Protection Act (CFPA
WASHINGTON—Credit union loans outstanding increased 0.3% in December, compared to a 0.4% increase in November 2023 and a 1% increase in December 2022, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
NEW YORK–In a conclusion that sounds hugely counterintuitive, a new report has concluded that history shows lower mortgage rates make housing less, not more, affordable.
BOCA RATON, Fla.–The cost of compliance with financial crime-related laws has risen 99% for financial institutions, according to a new study.
CHICAGO–Alliant Credit Union, which is an all-digital operation, has released its 2023 annual report, which it said shows strong financial performance and “soaring member value vs. traditional banks.”
SAN JOSE, Calif.– Meriwest Credit Union has introduced the “SMART Start Checking Account” for youth ages 9 to 17.
LOUISVILLE, Ky. – The Kentucky Credit Union League and its subsidiary company have announced new names and branding.
WASHINGTON—Credit unions considering entering the condo lending market may want to review a new study from Fannie Mae.
NEW YORK—Americans know that carrying a credit card balance is a bad idea, but 45% typically do so anyway, a new survey reveals.