WASHINGTON—The Federal Trade Commission and the Florida Attorney General are sending refunds totaling more than $540,000 to consumers who were defrauded by Life Management Services of Orange County and related companies after they were “tricked” them into paying for worthless credit card interest rate reduction and debt elimination programs.
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VANCOUVER, B.C.–Several credit unions and banks in British Columbia have been fined for failures in mortgage documentation.
NEW YORK—How well are automotive dealers and lenders using digital solutions that enable swift workflows? A new report from Wolters Kluwer is sharing some insights.
MADISON, Wis.—Credit union yield on assets ratio rose to 4.06% in the first quarter of 2023—the highest since 2010—and is approaching the 4.6% long run average, according to TruStage's June Trends Report, which also predicts CU net income this year will be down over 2022.
KAILUA, Hawaii–Hawaii Community FCU said it believes it has now resolved all issues after tech glitches caused many of its members to see thousands of dollars disappear from their accounts.
WASHINGTON–Senate Majority Leader Chuck Schumer (D-NY) has announced a broad plan for regulating artificial intelligence.
WASHINGTON—The Consumer Financial Protection Bureau will host a hearing today on medical billing and collections, with a focus on medical payment products such as medical credit cards and installment loans.
WASHINGTON–Difficult supply and affordability conditions continue to weigh on the housing market, according to the Fannie Mae Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, increasing by only 0.4 points to 66.0.
WASHINGTON—Congress returns this week from its Fourth of July recess for a three-week work period during which much is on the agenda, but with the credit union trade groups particularly focused on National Defense Authorization Act (NDAA).
SACRAMENTO, Calif.–A bill that was opposed by this state’s credit unions—which alleged it would have led to a spike in litigation—will not be advancing in California’s Assembly.