University Study Suggests $76 Billion in PPP Loans Have Indications of Fraud 08/18/2021 07:38 pm AUSTIN, Texas–Approximately 1.8 million of the Paycheck Protection Program’s 11.8 million loans — more than 15% and totaling $76 billion–had at least one indication of potential fraud, according to a new research paper that suggests fintechs were significant players in those questionable applications.
CFPB Proposes Settlement With Debt Collection Firm Over Numerous Violations 08/18/2021 07:35 pm WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has filed a proposed settlement to resolve a lawsuit against a debt collection enterprise and its owner.
Big Bank’s Survey, Internal Data Reveal How Quickly Consumers Have Moved to Digital Banking 08/18/2021 07:35 pm NEW YORK–A new survey of consumers, along with its own internal data, reinforces just how greatly the coronavirus has accelerated the adoption of digital banking technology, according to JPMorgan Chase.
30 Young Professionals Get Lessons in Leadership During MWCUA’s LEAD Summit 08/18/2021 07:35 pm CHEYENNE, Wyo.–The Mountain West Credit Union Association hosted 30 people as part of its third LEAD Summit for Young Professionals here.
AmeriCorps, Treasury Announce 3 CDFIs Have Been Awarded $2.5 Million 08/18/2021 07:35 pm WASHINGTON, D.C. – AmeriCorps and the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) have announced three Community Development Financial Institutions (CDFIs) were awarded more than $2.5 million through the inaugural round of the AmeriCorps CDFI Economic Mobility Corps (EMC) program.
House Urged by NAFCU to Remove IRS Reporting Provision 08/18/2021 07:37 pm WASHINGTON—In a letter to the U.S. House of Representatives, NAFCU urged House members to remove a provision from the Senate-passed Fiscal Year (FY) 2022 Budget Resolution proposing that credit unions report to the IRS on annual account inflow and outflow information of American taxpayers.
