POS Financing Provider Tempoe ‘Permanently Banned,’ Ordered to Close Accounts Pay Fine or ‘Tricking Consumers’ 09/12/2023 07:10 pm WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has taken action against Tempoe, LLC for “tricking consumers into expensive leasing agreements” by concealing the contract terms and costs, and failing to provide legally required disclosures.
TurboTax Said It Was ‘Free, Free, Free,’ But it Was Deceptive, Deceptive, Deceptive, FTC Says 09/12/2023 07:12 pm WASHINGTON—The Federal Trade Commission has ruled that Intuit Inc., the maker of the TurboTax tax filing software, “engaged in deceptive advertising in violation of Section 5 of the FTC Act” and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.
Innovations Financial Launches Internal Competition Aimed at Process Improvement 09/12/2023 07:09 pm PANAMA CITY, Fla.– Innovations Financial Credit Union has launched an internal competition among employees called “SPARK TANK Challenge” that it said is designed to propel process improvements within the credit union.
AmeriCU Reports ITMS Can Now Be Accessed Using App Instead of Card 09/12/2023 07:11 pm ROME, N.Y.– AmeriCU Credit Union said its interactive teller machines (ITMs) are now cardless.
DEI Adds Two New Team Members 09/12/2023 06:28 pm CINCINNATI—DEI Incorporated has added two new team members: Environmental Graphic Designer Michael Weiman and Regional Vice President ofSales in the Northeast Eric Seestedt.
Report Shows CUs Gaining Market Share As Other Lenders Tighten Standards 09/12/2023 07:21 pm MADISON, Wis.—Credit unions are gaining market share as other lenders tighten lending standards, pushing the movement’s share of consumer credit to 13.2% in June 2023, up from 12.8% in June 2022, TruStage reported.
NAFCU Congressional Caucus Coverage: Here’s What NCUA Chair Harper, Board Member Hood Told CUs 09/12/2023 07:19 pm WASHINGTON–In remarks to credit union leaders gathered here, NCUA Chairman Todd Harper reviewed what he said deserves attention in the latest credit union data, while NCUA Board Member Rodney Hood took a longer-term view based on his tenure with the agency.
