CUNA Tells FCC Others Agree: Current Exemptions Should Be Retained 11/05/2020 07:39 pm WASHINGTON—Commenters on proposed TRACED Act regulatory amendments support CUNA’s position of retaining current exemptions, CUNA wrote to the Federal Communications Commission (FCC) this week.
One CU Makes Forbes List of Best Online Savings Accounts 11/05/2020 07:40 pm NEW YORK–One credit union has been named by Forbes as among those offering the best online savings accounts.
Total Vehicle Sales Move to Right Lane During October 11/05/2020 07:43 pm ARLINGTON, Va.—Total vehicle sales slowed in October, falling from 16.3 million annualized units to 16.2 million during the month.
CFPB’s CU Advisory Council to Meet Nov. 18 11/05/2020 07:40 pm WASHINGTON—The CFPB's Credit Union Advisory Council (CUAC) is set to meet Nov. 18, alongside the Bureau's other advisory councils, to discuss two of the Bureau's ongoing efforts related to implementing the Dodd-Frank Act: Section 1071 for small business lending data collection, and section 1033 for consumer access to financial data.
Forecast for Remainder of 2020: Surging Online Sales 11/05/2020 07:41 pm OREM, Utah—Online sales this November and December are forecast to surge 33% year over year to a record $189 billion, according a new study.
REACH 2020 Conference Coverage: Why to Create a ‘Liquidity Lifeline’ For Members in Need 11/08/2020 04:31 pm ONTARIO, Calif.–Credit unions have the opportunity to build a “liquidity lifeline” for desperate members, especially as the pandemic continues, in the form small dollar loans, according to two people.
REACH 2020 Conference Coverage: Politics, Pandemics & Possibilities 11/08/2020 04:29 pm ONTARIO, Calif.–Credit unions have been offered an update on the 2020 market outlook and “Politics, Pandemics and Big Possibilities in a Divided World.”
Nebraska’s Voters Overwhelmingly Approve Cap on Payday Loan Rates 11/08/2020 04:29 pm LINCOLN, Neb.–Nebraska’s voters have voted overwhelmingly in favor of a ballot initiative that caps rates on payday loans at 36%.
CFPB Grants No-Action Letter to BofA Over ‘Balance Assist’ Product 11/08/2020 04:28 pm WASHINGTON—The Consumer Financial Protection Bureau has granted a no-action letter (NAL) to Bank of America related to its “Balance Assist” small-dollar loan product.
Justice Dept. Looks to Block Visa’s Acquisition of Plaid 11/08/2020 04:28 pm WASHINGTON—The Department of Justice (DOJ) has filed an antitrust lawsuit against Visa to block its acquisition of fintech company Plaid. Plaid helps consumers connect their financial accounts to thousands of financial apps, including the popular payment system Venmo and banking and investment services like Betterment and Chime.