WASHINGTON—The operators of a student loan debt relief scheme will pay at least $835,000 to settle Federal Trade Commission allegations they charged illegal upfront fees and made false promises to consumers struggling with student loan debt, the FTC reported.
SAN FRANCISCO—Visa said overall spending on its cards by U.S. consumers climbed in July and August even after elevated unemployment benefits expired.
SIOUX FALLS, S.D.–The ATM Industry Association has published global best practices for a new ATM hygiene for what it called the pandemic and post-pandemic “new normal” society.
COLUMBIA, S.C./RALEIGH, N.C.–The governors of North and South Carolina, respectively, helped kick off the Carolinas CU League virtual annual meeting via video messages.
NEW YORK–The second quarter of 2020 was the mortgage market’s best quarter in years, despite the economic slowdown, according to newly released data.
CHICAGO – A new survey suggests COVID-19 has permanently changed how consumers interact with their financial services organization.
ELLSWORTH, Iowa. – The first USDA Business and Industry CARES Act loan, which is intended to protect America’s small farms and businesses during the COVID-19 pandemic, has gone to an aquaculture farm in Iowa and was brokered by the Carson City, Nev.-based CUSO Greater Commercial Lending.
ALEXANDRIA, Va.–NCUA has awarded $75,000 in grants to three low-income, minority depository institution credit unions to support mentoring programs with larger credit unions.
WASHINGTON–At least 75 companies that don’t appear to have existed prior to applying to and receiving funds from the Paycheck Protection Program (PPP) have fraudulently received tens of millions of dollars in forgivable loans, according to an investigation by the Miami Herald/McClatchy and the Anti-Corruption Data Collective.
TACOMA, Wash.–The increasing interest in diversity, equity and inclusion (DEI) initiatives among credit unions hasn’t always translated into equally strong knowledge over where to begin and how to proceed, according to one expert, who has shared “five pillars” on which to build those efforts and who made clear it’s not just about “training.”
