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MANHATTAN BEACH, Calif.—One of the most experienced credit unions in the payday lending space believes new rules from the CFPB capping rates and fees on payday loans won’t accomplish what the Bureau is hoping for, which is to push down rates on such loans and drive customers of payday lenders to other providers, such as credit unions.

WASHINGTON–Mortgage applications were trending positive again for the week ending Nov. 10.

EAST HARTFORD, Conn.–American Eagle Financial Credit Union (FCU) donated more than $3,200 to United for Puerto Rico to help with relief efforts following hurricanes Irma and Maria, which devastated the islands of Puerto Rico.

PURCHASE, N.Y.—Joining the growing movement to skip the signature at the point of sale, Mastercard announced it is eliminating the need to sign for purchases made on its plastic at retail, as of April.

WHITE SULPHUR SPRINGS, Mont.—In a rare case of a bank and credit union working together to serve a small community, Vocal CU has acquired a branch of Dutton State Bank here and did not pay a dime for the business.

WASHINGTON–Mortgage applications were trending positive again for the week ending Nov. 10.

WASHINGTON—A Southern California-based auto dealership group will pay $1.4 million to settle Federal Trade Commission charges that it violated a 2014 administrative order prohibiting it from misrepresenting how much consumers could pay to finance or lease a vehicle, the FTC reported.

PLYMOUTH, Mich.– Employees of Catholic Vantage Financial Credit Union participated in the “Foot Rally” here.

SUFFOLK, N.Y.– In an effort to support the charitable work of local organizations that serve the areas of Suffolk Federal branch locations, In Sayville Branch Manager Pamela Werner presented a $1,000 contribution to The Greater Sayville Food Pantry

PURCHASE, N.Y. –Mastercard has introduced Consumer Control to help cardholders keep track of all the places their payment card details are stored.