Fresh Today

Fresh Today

WASHINGTON—The Consumer Financial Protection Bureau issued a consent order against 3rd Generation, Inc., doing business as California Auto Finance, for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.

WASHINGTON—NAFCU has joined with several other financial services industry trades to reiterate concerns to the Office of the Comptroller of the Currency (OCC) about its novel bank licensing approach and urged the agency to withdraw a recent interpretive letter and reconsider three conditionally-approved trust charters.

ST. PAUL, Minn.–Three state credit union associations have announced plans to launch what is being called the “Tri-state Mentorship Match,” a program organizers said is “designed to build, grow, and support professionals while inspiring a commitment to a career in the credit union movement.”