AUSTIN—A Texas House committee has passed a bill to create 100% reserve gold- and silver-backed transactional currencies.
Fresh Today
WASHINGTON—Following a lawsuit by the Federal Trade Commission, the operators of an alleged credit card debt relief scheme based in Tennessee have agreed to court orders that would permanently ban them from telemarketing and selling debt relief products or services.
WASHINGTON–A bank trade group is praising a decision requiring nonbank financial companies to better identify risks.
NEW YORK–Authorities are warning consumers that financial scams using text messages purporting to be from financial institutions continue to grow in number and sophistication.
CAPE TOWN, Africa—Mobile money services are growing faster than anticipated worldwide, particularly in Africa, a new report reveals.
WASHINGTON–Despite the Fed’s efforts to cool the economy, new federal data show employers added 253,000 jobs in April—but one CU economist said a deeper look reveals the numbers aren’t quite as strong as they seem.
TUCSON, Ariz.–Payments are actually “sexy?” Yes, according to one card executive, who also shared some insights on an alignment around purpose, card trends, tokenization and more.
TUCSON, Ariz.–There is still one statement that Todd Clark, CEO of Co-op Solutions, says surprises him—when a credit union says, “We didn’t know you did that” after learning about a solution or service the CUSO offers.
TUCSON, Ariz.–It isn’t just the payments space that has evolved over the past half-decade, Co-op Solutions has also undergone a number of significant changes, and one executive with the company shared some additional details around what is going on with credit unions gathered here.
WASHINGTON—NAFCU, CUNA and the Virginia League are asking the CFPB to rescind its proposed rule to reduce the credit card late fees safe harbor.