Comments Needed On CFPB Harmful Data Broker Practices Proposal 12/23/2024 06:04 pm WASHINGTON—Comments are now being accepted by America’s Credit Unions to submit to the CFPB on its proposed rule on data brokers.
FTC, Illinois, Take Action Against Auto Group For Overcharging And Deceiving Consumers 12/29/2024 08:54 am CHICAGO—A group of 10 car dealerships doing business as Leader Automotive Group and their parent company, AutoCanada, will be required to pay $20 million to settle allegations they systematically defrauded consumers looking to buy vehicles as a result of a lawsuit by the Federal Trade Commission and the state of Illinois, the FTC announced.
Share Of Mortgage Loans In Forbearance Increases To 0.50% In November 12/29/2024 08:56 am WASHINGTON—The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed the total number of loans now in forbearance increased to 0.50% as of Nov. 30.
Banking Trade Groups Sue Fed Over Stress Testing Framework 12/29/2024 09:02 am COLUMBUS, Ohio—Banking trade groups have filed litigation against the Federal Reserve, challenging aspects of the stress testing framework the Fed uses to establish certain bank capital requirements, the ABA Banking Journal reported.
CoVantage Returns $6.5-Million Patronage Dividend To Members 12/29/2024 08:55 am ANTIGO, Wis.—The $3.7-billion CoVantage Credit Union this year returned a record $6.5 million in a patronage dividend to its members, the CU reported.
Suspect Arrested For Allegedly Robbing Same CU Office Twice 12/29/2024 08:55 am MEMPHIS, Tenn.—A man has been arrested for allegedly robbing the same credit union branch twice.
FTC Refers Case Against Cash Advance Firm To DoJ 01/02/2025 05:58 pm WASHINGTON—The Federal Trade Commission has referred its federal court case against online cash advance firm Dave Inc. to the U.S. Department of Justice which has filed an amended complaint in the case that names Dave CEO Jason Wilk as a defendant and seeks civil penalties.
B-M S Federal Credit Union Names Brockup CEO 01/02/2025 05:59 pm NEW BRUNSWICK, N.J. – Dawn Brockup has been selected to lead the $100-million B-M S Federal Credit Union here, the organization announced.