WASHINGTON—A new Federal Trade Commission data spotlight shows that in the first nine months of 2021, consumers reported losing $148 million in scams where gift cards were used as the form of payment. That amount is more than was reported in all of 2020, the FTC said.
TACOMA, Wash.–CU Strategic Planning, which is the CU community’s largest organization for helping credit unions obtain Community Development Financial Institutions Fund grants from the Treasury Department, is reporting it facilitated nearly half of all successful 2021 CDFI FA grant applications for credit unions, totaling $20 million.
SCOTTSDALE, Ariz.– The American Association of Credit Union Leagues (AACUL) has adjourned its winter conference after electing members its board and executive committee as well as hearing from speakers on a number of topics.
NEW YORK—Americans to date are spending a little less this holiday season, but still more than they can afford, a new report indicates.
WASHINGTON– The Consumer Financial Protection Bureau (CFPB) has issued its latest Supervisory Highlights report, which it said shines a light on legal violations identified by the CFPB’s examinations in the first half of 2021.
SEATTLE– After receiving nearly 650 nominations from its members, BECU has named the recipients of its 2021 People Helping People Awards program, granting $535,000 in total.
TYSONS, Va.—The PenFed Foundation has namedOutpatch as the winner of its Ignition Challenge Powered by Purefy for military entrepreneurs of color.
SCOTTSDALE, Ariz. — Cornerstone Advisors, which provides solutions for driving revenue and profitability improvements for mid-size financial institutions and fintech firms, has acquired Orlando, Florida-based Next Step, Inc., which provides technology consulting services to banks and credit unions.
VANCOUVER, B.C.–Community Savings Credit Union here said it is partnering with Cascadia Green Development on a pilot program in the City of North Vancouver that aims to fight housing affordability and bring the dream of homeownership to people that are struggling to get a down payment.
WASHINGTON–Two federal agencies appear to be in something of a disagreement over who approved what, with one suggesting the other had violated a “time-honored tradition of collegiality.
