CUNA, NAFCU Send Letters to the Hill on CDFI Fund, Veterans Bill 11/12/2023 10:14 am WASHINGTON—Both CUNA and NAFCU have sent letters to the Hill in support of various pieces of legislation.
Citi Hit With $25 Million Fine for Discriminating Against People Who Had Specific Names 11/12/2023 10:12 am WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has ordered Citi to pay $25.9 million in fines and consumer redress for intentionally and illegally discriminating against credit card applicants the bank identified as Armenian American.
Consumers Remain Frustrated Over Housing Market; Most Say Economy on ‘Wrong Track’ 11/12/2023 10:13 am WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continues to depress overall sentiment, Fannie Mae reported.
CFPB’s Chopra Calls for Greater ‘Market Discipline’ Around Shadow Banking Sector 11/12/2023 10:11 am WASHINGTON—There needs to be greater “market discipline” in what’s known as the shadow banking sector, according to CFPB Director Rohit Chopra.
Mastercard Intro’s New Options for FIs to Fight Fraud 11/12/2023 10:11 am PURCHASE, N.Y.—Just as was warned during the recent NCUA board meeting that cybersecurity threats are rising, Mastercard is offering financial institutions what it says are new methods to combat fraud.
The ‘A’ Isn’t for Acquisition, But A.E.A. FCU is Acquiring Bank, Moving Into New Markets 11/12/2023 10:14 am YUMA, Ariz. — The $384.8-million A.E.A. Federal Credit Union is buying the $80.5-million West Valley National Bank, headquartered approximately 170 miles away in Goodyear, Ariz., near Phoenix.
ECB Moves to Next Phase of Digital Euro Project 11/12/2023 10:01 am FRANKFURT, Germany—The European Central Bank (ECB) has moved to the next phase of the digital euro project: the preparation phase, the Governing Council for the bank reported.
Southwest Montana Community FCU Names New CEO to Succeed the Retiring Tom Dedman 11/12/2023 10:12 am ANACONDA, Mont.–Southwest Montana Community FCU has named a new president/CEO.
Small Biz Increasingly Relying on Credit Cards to Finance Expenses, New Survey Finds 11/12/2023 10:01 am NEW YORK—Small businesses are increasingly relying on their credit cards to fund expenses in the current economic climate, a new report based on Intuit data reveals.
