WASHINGTON–The nation’s banking system remains strong overall, but there remain risks around cybersecurity, prime brokerage services and credit, in addition to other emerging issues, according to a new report from the Federal Reserve.
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CHICAGO– An increasing number of landlords are reporting rent to the credit reporting agencies, and the number is likely to grow as the youngest generation — Gen Z — is most interested in the practice, according to a new report from TransUnion.
WASHINGTON–The CFPB said it is “sharpening its focus” on digital redlining and algorithmic bias as the result of the growing influence of financial technology platforms.
FOND DU LAC, Wis.–Forty percent of consumers are now making payments through branded “pay” apps, according to a new report.
WASHINGTON–Credit unions are backing candidates in primary races in two states today, with the Credit Union Legislative Action Council (CULAC) announcing it has made a “six-figure” expenditure in support of one Senate candidate.
WASHINGTON–Credit union members across the country are more likely to say that credit unions improve their financial well-being compared to customers of other financial institutions, according to a new white paper researched and released by CUNA.
WASHINGTON–While it may not seem possible, the environment for getting any additional legislation through the current Congress has only become more difficult.
WASHINGTON–The recent Senate hearings on interchange fees and overdraft programs, respectively, yielded few surprises other than indicating attention to both issues will remain, according to one CU lobbyist.
LAWRENCEVILLE, Ga.—Used car values have now dropped for two consecutive months.
WASHINGTON--The Consumer Financial Protection Bureau has published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA) bars lenders from discriminating against customers after they have received a loan, not just during the application process.