GLENDALE, Calif.–California Credit Union is reporting its checking account has been certified by the Cities for Financial Empowerment Fund (CFE Fund) as meeting the benchmark Bank On National Account Standards.
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STRASBOURG, France—Lawmakers in the European Parliament have approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry.
NEW YORK–With economic indicators increasingly showing a long-anticipated recession in the U.S. is either here or approaching, the new question is over just how long such a downturn might last. A new report offers some potential answers.
WASHINGTON—The Federal Trade Commission is reported it has stopped operations of a debt collection company that conducted “bogus” debt collection efforts.
LONDON—Global investments in the fintech sector fell by more than 30% last year from 2021’s record high levels, according to new research by KPMG.
MADISON, Wis.–While lending was up by double-digits at all credit unions through February, once again it was the largest credit unions leading the way, according to CUNA Mutual’s newest Trends Report.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) increased in April to its highest level since May 2022, jumping 5.5 points to 66.8.
CHICAGO–With inflation remaining high and interest rates having risen quickly, consumers are increasingly turning to credit to manage their household budgets, leading to record- or near-record high balances in credit cards and unsecured loans, according to new data from TransUnion.
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has issued a new circular affirming that a financial institution may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has already closed it.
WASHINGTON—Ahead of a hearing this week to examine the Small Business Administration’s (SBA) 7(a) lending program, NAFCU wrote to the House Small Business Committee noting that two recent actions by the SBA may open up the program to unregulated competition.