WASHINGTON–The sweeping $2-trillion CARES Act has largely been panned by consumer groups for lacking various protections, but the Consumer Federation of America said in a letter the legislation has taken a few steps toward policies it would like to see enacted.
LIVONIA, Mich. – CU Solutions Group’s (CUSG) CUBE TV Studios has produced a series of credit union–focused videos it said are free to use.
WASHINGTON—The Consumer Financial Protection Bureau has issued a request for information (RFI) to assist the Taskforce on Federal Consumer Financial Law with recommendations on “harmonizing, modernizing, and updating” federal consumer financial laws.
MADISON, Wis.–The World Council of Credit Unions will be hosting a webinar today on the coronavirus pandemic and its effects across a variety of credit union operations and issues.
AUSTIN, Texas—Like other regulators, in light of the coronavirus pandemic the Texas Credit Union Department is encouraging credit unions to review their liquidity outlook, asset liability management practices and Liquidity Contingency Funding Plan to ensure that they have adequate liquidity to meet member loan demand and share withdrawal requests.
PURCHASE, N.Y.—Mastercard is entering into a partnership with Samsung to enable digital access to consumers and small businesses in emerging markets through its Pay on Demand platform.
WASHINGTON–Even as the credit union trade groups continue to dig through the more-than-$2-trillion economic rescue package passed by Congress late last week, many in Congress and elsewhere in Washington are now considering a fourth economic package, with some suggesting it could be even larger than the last as the coronavirus pandemic wreaks havoc with the economy.
ST. PETERSBURG, Fla.–As the coronavirus pandemic continues to affect all aspects of the U.S. economy, PSCU has released transaction data from its member credit unions on a same-store basis from March 2019 to March 2020 to identify the effect on consumer spending and shopping trends.
WASHINGTON–Two consumer groups said that while the $2-trillion stimulus package passed by Congress will provide aid for many, it continues to “fall short” when it comes to consumer protection.
WASHINGTON–A number of consumer groups are warning that a statement by five financial regulators, including NCUA, encouraging greater small-dollar lending during the coronavirus pandemic will only lead more people into the “trap” of payday lending.
