WASHINGTON—The Consumer Financial Protection Bureau has issued a policy statement it says explains the legal prohibition on "abusive conduc"t in consumer financial markets and summarizes more than a decade of precedent.
Fresh Today
WASHINGTON– A new analysis shows the performance of first-lien mortgages declined ever so slightly in the fourth quarter of 2022.
WASHINGTON– With the failure of a number of high-profile banks and the resulting scrutiny remaining in the headlines, the Independent Community Bankers of America (ICBA) has introduced a new campaign at BankLocally.org, that also stresses why community banks are preferable to credit unions.
FT. LAUDERDALE, Fla.–An analysis of nearly 200,000 complaints over credit reports filed with the CFPB finds nearly two-thirds are related to reports that contain someone else’s information, according to a new report.
WASHINGTON—After a busy week in Washington in which the CFPB finalized a rule over collecting data around small business that both CU trade groups see as arduous, Congress is now in recess for two weeks.
RICHMOND, Ind.—The $6.97-million Richmond City Employees FCU here has merged into $1.6-billion Kemba CU, based in West Chester, Ohio, NCUA announced.
WASHINGTON—The CFPB is being urged by NAFCU to expand the reach of a proposed rule to require covered nonbanks that are under final public orders from a federal, state, or local agency in connection with a consumer financial product or service to report the existence of such orders to a Bureau registry.
WASHINGTON—The Federal Housing Finance Agency (FHFA) should conduct a comprehensive review of the Federal Home Loan Banks’ (FHLBanks) operations and mission, CUNA wrote to the FHFA, although the group added it believes such an “overhaul” is not needed.
BENTONVILLE, Ark.—Walmart has come up with a unique way to gain a larger share of gift card spend.
NEW YORK—Some of the youngest card holders—those who fall in Gen Z--are racking up credit card debt at a pace faster than any other generation, a new study reveals.