WASHINGTON–The CFPB said it has taken action against Choice Money Transfer for “multiple violations” of the Remittance Transfer Rule and the Electronic Fund Transfer Act (EFTA).
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LOS ANGELES –Westlake Financial here has agreed to pay more than $225,000 to resolve allegations it violated the Servicemembers Civil Relief Act (SCRA) by failing to provide qualified servicemembers with interest rate benefits for the entire period required under the SCRA and by improperly delaying approval of interest rate benefit requests.
TRAVERSE CITY, Mich.–More jobs continue to be added to CUToday.info free job posting board, the Gig.
HAMPSHIRE, U.K.–As if credit unions needed another reason to make an all-out effort to get their cards top of wallet, a new study from Juniper Research has found the total value of digital commerce transactions globally will exceed $20 trillion by 2027, from $12.3 trillion in 2022.
MOSCOW—Russia appears to be moving toward allowing cross-border settlements in cryptocurrency.
NEW YORK—Nasdaq has introduced Nasdaq Digital Assets, a new business aimed at the digital asset ecosystem.
SCOTTSDALE, Ariz.—Although it arrived later to market than many of the P2P solutions, Zelle is reporting has processed more than five-billion transactions worth nearly $1.5 trillion in its first five years of business.
WASHINGTON—NAFCU and CUNA joined with a group of other financial services trade groups in a letter to Congress, urging lawmakers to reject the latest effort of Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) to attach the Credit Card Competition Act (CCCA) as an amendment for consideration to the fiscal year 2023 National Defense Authorization Act (NDAA).
NASHVILLE, Tenn.–The Corporate Credit Union Alliance is urging the Senate Armed Services Committee to include language in the National Defense Authorization Act that would make permanent the temporary enhancements and improvements made to NCUA's Central Liquidity Facility (CLF) over the last three years.