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WASHINGTON—The Consumer Financial Protection Bureau said it is cracking down on “wrongful” auto repossessions.

SPRINGFIELD, Ill.—The Illinois Attorney General has filed a brief in response to the challenge by America’s Credit Unions, the Illinois Credit Union League, and banking groups against the Illinois Interchange Fee Prohibition Act (IFPA), asserting “sovereign immunity,” among other things, America’s Credit Unions reported.

WASHINGTON—Credit union champions on both sides of the political aisle are receiving millions of dollars in support from America’s Credit Unions and its newly established PAC, including $3.6 million in independent expenditures and member communications ahead of the Nov. 5 general election, ACU said.

NEW YORK—Despite consumers struggling with inflation, a new study shows the average debt-to-income (DTI) ratio in America actually dropped between 2013 and 2023.

WASHINGTON—Three Merchants Payments Coalition member associations have asked permission to take part in a lawsuit over Illinois’ new law banning credit card swipe fees on sales taxes and tips, saying merchants’ perspective is needed to understand the high cost the fees impose on small business and their customers, the MPC reported.

PENSACOLA, Fla.--An office of Pen Air Credit Union was robbed late last week when a man walked in carrying a trash bag, demanding money, NorthEscambia.com reported.