WASHINGTON–Consumers need “strong protections” from fintech cash advances that “create debt traps,” according to, the Center for Responsible Lending (CRL) and the National Consumer Law Center.
Fresh Today
BASEL, Switzerland—The Bank for International Settlements (BIS) has released its final report on a pilot involving the use of wholesale central bank digital currencies (CBDCs) to settle cross-border and foreign exchange (FX) transactions.
OTTOWA, Canada—The role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility has been explored in a recent study conducted by the Bank of Canada.
NEW YORK—A new study suggests a growing number of consumers are having issues with mobile bill pay.
CHICAGO–Two in three consumers (65%) with a student loan said they were caught by “surprise” when the U.S. Department of Education announced this summer that student loan repayments would begin once more in October, according to a new report.
WASHINGTON—NAFCU and CUNA have each sent letters to the House Veterans’ Affairs Subcommittee on Economic Opportunity and Senate Banking Committee ahead of this week’s hearings regarding veterans' economic and financial wellness, offering support for the Veterans Members Business Loan Act.
WASHINGTON — In a move that could have implications for credit union auto lending, the Department of the Treasury and the Internal Revenue Service have begun allowing car dealers to register for the IRS Energy Credits Online portal.
WASHINGTON–In what could be among his final remarks as a member of the NCUA board, Rodney Hood told an audience here he considers the agency’s DEI Summit to be among his proudest achievements.
WASHINGTON–During NCUA’s DEI Summit here, six different credit union groups honored NCUA Board Member Rodney Hood for his commitment to financial inclusion and DEI during his time on the board.
LOUISVILLE, Ky.–Park Community Credit Union has named a new president and CEO.