SAGINAW, Mich.–Some members of Team One Credit Union here had their account balances emptied as part of a criminal attack involving debit cards, according to police and the credit union.
Fresh Today
WASHINGTON–The Merchants Payments Coalition is continuing its messaging around credit card swipe fees, saying the record first-quarter revenue and near-record profits at JPMorgan Chase, the nation’s largest credit card issuer, show the need for Congress to pass the Credit Card Competition Act.
WASHINGTON–The CFPB has issued guidance on debt collectors that are covered by the Fair Debt Collection Practices Act and which it said are threatening to foreclose on homes with mortgages past the statute of limitations.
WASHINGTON—NAFCU has sent a pair of letters to Capitol Hill, the first regarding actions taken by the SBA, the second urging greater accountability by the CFPB.
ARLINGTON, Va.—New home sales increased 9.6% in March to 683,000 annualized units, while sales in February were revised down 17,000 units.
WASHINGTON—The Consumer Financial Protection Bureau should recognize excessive or restrictive requirements would divert credit union resources from meeting member needs, according to CUNA.
ARLINGTON, Va.— The National Cooperative Bank is reporting it committed $475 million of its overall annual production to initiatives serving low-and moderate-income communities and new cooperative development during 2022.
WASHINGTON—The increase in the value of ACH transfers accounted for more than 90% of the rise in noncash payments value from 2018 to 2021, according to a new 2022 Federal Reserve Payments Study (FRPS), which also found the number of ATM cash withdrawals dropped substantially from 2018 to 2021.
NEW YORK— Store credit cards growth could significantly surge this year based on last year’s trends, a new study indicates.
ATLANTA–A new report has found a lack of awareness of financial scams is putting many consumers at severe risk.