WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has finalized rule over collecting data around small business that is being called “arduous” and “overly broad” by the credit union trade associations.
Fresh Today
WASHINGTON–As soon as this weekend the White House is expected to recommend tougher rules for midsize banks, according to people familiar with the matter, several media outlets are reporting.
TROY, Mich.–Retail bank customers in the U.S.–and by default, credit union members—are feeling stressed and are looking to their financial institution for help, according to a new survey from J.D. Power has found.
LAS VEGAS–There’s a “new age” for credit unions and CUSOs when it comes to investing in fintechs—and it’s an age that’s more sophisticated, challenging and potentially more rewarding or costly, depending on the decisions a CU or CUSO makes.
LAS VEGAS–Examiners may tell smaller CUs “don’t do this” when it comes to small business lending, but several people say the warning should be ignored, as they are using CUSOs to carve a niche in high-yielding MBLs and protect share in a market fiintechs are increasingly eager to gobble up.
WASHINGTON–Two senators on opposite ends of the political spectrum have found common ground in a bill that seeks to clawback compensation from bank executives at institutions that fail.
TREVOSE, Penn.–Approximately 500,000 files with consumers’ private financial information have been hacked as part of a data breach at NCB Management Services, a company that purchases debt.
SAN ANTONIO—SWBC said it is partnering with MeridianLink, a leading provider of modern software platforms for financial institutions and consumer reporting agencies.
BALTIMORE/CHICAGO— The NAACP and TransUnion have announced the launch of Connecting to Our Financial Future, a credit education website designed to promote financial inclusion among traditionally underserved and underrepresented communities.
WASHINGTON—The Treasury Department has announced a new agreement between the United States and more than 20 foreign governments to create a registry of beneficial ownership of legal entities to help them more effectively fight corruption.