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WASHINGTON – More than 75 consumer, housing, civil rights, legal services, faith, community, small business, student borrower, and public interest organizations have submitted a joint comment letter to the Consumer Financial Protection Bureau (CFPB) concerning buy now, pay later (BNPL) credit products.

WASHINGTON—Concerned over risks related to buy now, pay later (BNPL) products, NAFCU and CUNA have each sent a letter to the CFPB in response to the Bureau’s request for comment (RFC) regarding the fast-growing offerings.

NEW YORK—The two biggest U.S. card networks are preparing revisions to their interchange schedules that at least one research firm says will cost U.S. merchants an estimated $475 million in additional transaction fees.

WASHINGTON–It’s once again come down to a conference committee and backroom deals to decide what becomes of the credit union SAFE Banking Act, which would remove many of the federal prohibitions on financial institutions serving cannabis-related businesses.

ONTARIO, Calif.–The California Credit Union League is calling on its member CU to oppose Senate Bill 1176, the California Community Reinvestment Act (CRA).

WASHINGTON–The national midterm elections are still eight months away, but the credit union trade groups are already looking ahead.

WASHINGTON–Credit unions and the financial community in general are starting to get a better idea of where the CFPB’s future focus will lie, including the potential for increased regulatory burden.

WASHINGTON–It’s going to be a  busy week in Congress when it comes to various hearings, with one credit union CEO set to testify at one such hearing.

WASHINGTON—In response to a proposal calling for the establishment of a limited-duration pilot program to give financial institutions the ability to share SARs and SARS-related information with the institution’s foreign branches, NAFCU has written to FinCEN with recommendations.