FTC, CFPB File Brief Challenging Ruling on Servicemembers’ Right to Sue 11/27/2022 12:39 pm WASHINGTON–The Federal Trade Commission has joined the Consumer Financial Protection Bureau (CFPB) in filing an amicus brief that asks the appeals court to overturn a lower court decision that denied servicemembers the right to sue to invalidate a contract that they allege violates the Military Lending Act.
Fintech Launched to Offer a ‘Conservative Banking Alternative’ Shuts Down 11/27/2022 12:36 pm DALLAS–A fintech that was launched to offer a “conservative banking alternative” said it is shutting down.
Virginia CU Secures Naming Rights to Soccer Fields Complex 11/27/2022 12:39 pm RICHMOND, Va.–Virginia Credit Union and the Richmond Strikers have entered into an agreement designed to expand access to youth soccer for children that will result in the naming of 11 fields on Pouncey Tract Road as Virginia Credit Union Fields at Striker Park.
FATF Corrects Report; Says It Has Not Changed Monitoring Practices 11/27/2022 12:37 pm PARIS—The Financial Action Task Force has issued a statement that it not changed the way it monitors digital assets in response to an Al Jazeera report that the intergovernmental organization for tacking money laundering and financing of terrorism is getting ready to "conduct annual checks to ensure countries are enforcing anti-money laundering and terrorist financing rules on crypto providers.
People Using BNPL Financing for Purchases to ‘Redefine Bargain Hunting’ During Holidays, Survey Suggests 11/27/2022 12:38 pm JERSEY CITY, N.J.–Shoppers using buy now, pay later (BNPL) financing are “redefining bargain hunting” this holiday season, according to a new survey.
Want to Eat Out or Need a Ride Home This Holiday Season? Capital One Adds Rewards 11/27/2022 12:38 pm MCLEAN, Va.—With the holiday shopping season now here, Capital One is putting some additional glitter into its rewards.
CBDCs May Require Network of Int’l Deals, Says EU Commissioner 11/27/2022 12:36 pm BRUSSELS, Belgium—Central bank digital currencies (CBDCs) may require a network of international deals to stop state-backed money from infringing on other countries’ sovereignty, according to European Union Commissioner Paolo Gentiloni.
Michigan’s CUs Make $95K Donation During CMN Radiothon 11/27/2022 12:39 pm LANSING, Mich.–Credit unions in Michigan helped to raise $95,000 for Children’s Miracle Network (CMN) Hospital as part of the “Turn Up the Miracles” Radiothon held by 104.3 WOMC.