WASHINGTON—The CFPB reported that it is taking action against Carrington Mortgage Services for “deceptive acts or practices” under the Consumer Financial Protection Act in connection with mortgage forbearances.
Fresh Today
WASHINGTON—Two credit union leaders responded to Speaker of the House Nancy Pelosi (D-CA) announcing she will not pursue a leadership position in the next Congress.
RIVERWOODS, Ill.—A new report reveals financial stress is impacting how Americans seek and pay for medical care.
BRUSSELS, Belgium—New legislation is being proposed by the European Commission to make instant payments in euros universally available for individuals and businesses with a bank account in the EU and EEA countries.
DENVER–Credit unions continue to add C-suite and other open positions for which they are seeking applicants to CUToday.info’s free job board, the Gig.
HONG KONG—China’s digital yuan performed well during in the world’s largest cross-border central bank digital currency (CBDC) trial to date, according to one new report, which suggests Beijing is seeking to speed up yuan globalization efforts amid rising geopolitical tensions.
TOKYO—A credit card company operating out of Tokyo, Japan Credit Bureau (JCB), plans to test a central bank digital currency (CBDC) infrastructure.
NEW YORK—JP Morgan Chase is piloting a platform to facilitate rent payments for tenants living in multifamily housing. The new technology, called Story, is a rent management tool for multi-family property owners, Finovate reported.
DALLAS—MoneyGram has introduced a new service that allows consumers to buy, sell, and hold cryptocurrency.
WASHINGTON–Nearly a fifth of all bank branches in the United States now offer access to small-dollar loans after Wells Fargo began offering such a product in mid-November, according to a new analysis by Pew Research Trusts.