WASHINGTON–Issues related to credit and debt were among the top ten complaints made to state and local consumer agencies in 2020, according to a newly released annual survey by Consumer Federation of America (CFA).
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NEW YORK–It may remain the American dream, but Millennials (age 25-40) are finding it hard even to afford where they live, and nearly impossible to buy a home.
NEW YORK–The FICO credit score, long the foundation for making consumer credit decisions, including at credit unions, is losing some of its dominance, according to a new analysis. But the company that sells FICO says that’s not the case.
KALAMAZOO, Mich.–Consumers Credit Union here has selected Lumin Digital to create and pilot a new digital account opening product.
CHICAGO—Alliant Credit Union reported it has closed on more than $52 million in financing for two student housing properties.
JACKSONVILLE, Fla.–Jax Metro Credit Union is expanding and continuing to rebrand itself after merging into North Carolina-based Self-Help Credit Union some five years ago.
BRUSSELS, Belgium—Officials at the European Commission, the European Union's executive branch, have made public draft legislation that would seek to apply the FATF's so-called “travel rule” for crypto assets.
SAN FRANCISCO—Square is launching banking services for small businesses as it seeks to grow beyond payments processing.
MENLO PARK, Calif.—Robinhood Markets’ cryptocurrency arm expects to pay a $30-million fine to settle a New York state probe into its cybersecurity and anti-money-laundering practices, the mobile investing firm said in regulatory filings, a sharp increase from an earlier estimate of the potential penalty, The Wall Street Journal reported.
SAN FRANCISCO—Visa has agreed to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments, Visa reported.