LANSING, Mich.—Credit unions may want to again caution their small business and commercial members over a scam being seen in a number of states.
Fresh Today
NEW YORK – Inclusiv has announced a second funding from its “historic initiative” and investments in the recovery and resiliency efforts led by Puerto Rican cooperativas.
WASHINGTON—The Federal Trade Commission has reached a settlement with online cash advance provider FloatMe and its co-founders, after having accused it of using “empty promises” of quick and free cash advances to entice consumers to join its service and then failing to deliver the promised advance amounts, making it difficult to cancel, and discriminating against consumers who receive public assistance.
NASHVILLE—More legislation opposing a central bank digital currency (CBDC) is being introduced in states.
WASHINGTON—A judge this week said debit card users in nearly a dozen states may pursue class-action claims accusing American Express of driving up merchants’ fees on transactions and causing consumers to pay hundreds of millions of dollars in overcharges.
NEW YORK—Stablecoins, which are cryptocurrencies pegged to a stable value like the U.S. dollar, are being used more to back crypto crime, a new report shows.
WASHINGTON — The American Bankers Association Foundation has launched its 2024 financial education campaigns, saying the goal is to improve consumers’ financial well-being.
NEW YORK—Roughly a third of Americans say they have higher balances on their credit cards than they do in their rainy-day funds, a new study reports.
KOLOA, Kauai–Is a “soft landing in the bag” for the U.S economy? One economist told credit unions he believes that’s the case.
ST. LOUIS–Nearly a quarter of all Millennials would be willing to pay a rate as high as 15% in order to get a mortgage and get a home, according to a new survey.