Advanced search

CUPERTINO, Calif.— Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, after the company announced an end to its own BNPL offering, a new report stated.

SODUS, N.Y.— Reliant Credit Union has launched a teen account for members aged 11-17 it said is designed to help them manage their money using their own debit card.

ALEXANDRIA, Va. –NCUA is reminding that low-income-designated credit unions have until July 1 to apply for 2024 Community Development Revolving Loan Fund grants.

WASHINGTON—The Federal Reserve Board has extended until Sept. 6 the comment period on its proposal to expand the operating days of the Federal Reserve Banks' two large-value payments services--Fedwire Funds Service and the National Settlement Service (NSS)--to include weekends and holidays.

WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced its conditional approval for Freddie Mac to engage in a limited pilot to purchase certain single-family closed-end second mortgages.

SNELLVILLE, Ga.–The African-American Credit Union Coalition (AACUC) said it has launched the second phase of the AACUC Future Fund campaign via a charitable donation account (CDA) fund with $26 million in initial investments and  Dallas-based ALM First serving as investment advisor.

WINSTON-SALEM, N.C.–Truliant Federal Credit Union faces a proposed class action lawsuit after a data breach reportedly exposed the private information of more than 48,000 members.

WASHINGTON— The Consumer Financial Protection Bureau has issued an interim final rule to extend compliance deadlines for the small business lending rule.

WASHINGTON—Recommendations for improving its existing records preservation program requirements have been shared with NCUA by America’s Credit Unions, which said updating the regulations “to address these general issues will go a long way in clarifying regulatory expectations under Part 749.”

CINCINNATI—A recent decision by the First Appellate District of Ohio related to commercial lending rolled back longstanding industry precedent and practice and should be overturned, America’s Credit Unions and other organizations are arguing in a brief filed with the Ohio Supreme Court.