WASHINGTON—The Federal Trade Commission is reporting its law enforcement actions resulted in more than $392 million in refunds to consumers in 2022.
Fresh Today
DENVER – Colorado Gov. Jared Polis has signed into law a measure aimed at preventing online and out-of-state lenders—often referred to as “rent-a-banks”–from making high-cost loans in violation of state law.
WASHINGTON–Three federal bank regulatory agencies have issued final joint guidance they said is designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology companies.
ROME, N.Y. –AmeriCU Credit Union said it has introduced a new Virtual Financial Center that offers a new level of digital service and support to “connect where members are, with where they want to be.”
COLUMBUS, Ohio—Payments provider Klarna, which has a large presence in the buy now, pay later space, has updated its app in a move it said is designed to “provide budget-conscious consumers with a tool to opt out of taking on more debt.”
WASHINGTON–The Credit Card Competition Act, which credit unions strongly oppose, has been reintroduced in Congress.
MADISON, Wis.–Robert N. Trunzo, president and CEO of TruStage (formerly CUNA Mutual), has announced plans to retire Oct. 1. The company has named Terrance Williams, formerly Allstate’s president of Protection Products & Services Group, to succeed Trunzo.
SAN FRANCISCO–For the first time in history, the national average rate on a six-month certificate of deposit is the same as the 60-month CD, 1.38%, a new analysis reveals.
ST. LOUIS–Millennials may have entered adulthood as the most educated generation in American history, but they’re going to need “every bit of brainpower to overcome unprecedented levels of debt,” according to a new analysis.
WASHINGTON—Clarity is needed around potential design issues when it comes to implementation of the Greenhouse Gas Reduction (GHGR) Fund, according to NAFCU.