NEW YORK—Medical collections debt under $500 should no longer appear on consumers’ credit report, which should boost many American’s credit scores, a new report states.
Fresh Today
WASHINGTON–In what has become an annual issue of disagreement between banks and credit unions, the American Bankers Association and two banking associations have asked leaders of the Senate and House Armed Services Committees to provide banks with the same access to banks as credit unions with rent exemptions for facilities located on military bases.
SAN FRANCISCO–The recent collapse of four banks and with other midsized banks potentially teetering on collapse will result in a new wave of bank consolidation, according to a new forecast from GlobalData.
WASHINGTON—Loans outstanding at credit unions increased 0.5% in February, compared to a 0.6% increase in January 2022, and a 1.0% increase in February 2022, according to CUNA's latest Monthly Credit Union Estimates.
ALEXANDRIA, Va. —NCUA said it will host a public hearing on June 7 on a request from Dade County FCU to expand its existing community charter. The credit union is headquartered in Sweetwater Fla., which is in the Greater Miami area.
LAWRENCEVILLE, Ga.—The recent trend of increasing used vehicle values shifted into reverse in April, Black Book reported.
AUGUSTA, Maine–Maine’s credit unions have again testified in the state legislature against another proposal to create a state bank.
WASHINGTON–The chairman of the Senate Banking Committee is pressing the nation’s biggest banks over their plans to stop AI-cloned voices from being used to break into consumers’ financial accounts.
HENDERSON, Nev.–CU Pride Month in June will kick off with an education leadership conference and other events.
MENLO PARK, Calif.–Credit unions, CUSOs, CU trade groups and others have been broadly experimenting with new AI technologies such as ChatGPT, but a new report is warning there is a strong threat from malware at fake AI sites that can capture user accounts and take over businesses’ Facebook pages.