NORWALK, Conn.–To help ease some of the burden in the move away from LIBOR, the Financial Accounting Standards Board (FASB) has released new guidance designed to “ease the process of” migrating away from reference rates that include LIBOR as well as a migration to new reference rates.
NEW YORK—The narrative that Millennials never carry cash is wrong: the youngest (under 30) and the oldest (over 65) are both more likely to use cash than those in the middle, a new report states.
ST. CLOUD, Minn.–Two Minnesota credit unions have announced completion of a merger.
WASHINGTON–Harland Clarke is now live with a rebranded suite of engagement tools, including a checking option that makes the member’s first check payable to them to incent certain behaviors, such as signing up for a credit union’s mobile app.
WASHINGTON– WalletHub has released its latest Credit Card Debt Study, which found that consumers racked up $77 billion in credit card debt during 2019, sending outstanding debt to an all-time record high.
SACRAMENTO, Calif.–Rent-a-Bank schemes continue to proliferate even as states work to cut down on high-cost lenders, according to a new report.
SAN FRANCISCO—Wells Fargo plans to launch two new checking accounts early next year.
ST. LOUIS–How has the mortgage market changed since the Great Recession of just over a decade ago? And should there be concerns over a new mortgage crash?
WASHINGTON—Three defendants in a student loan debt relief scheme have been banned from telemarketing and selling debt relief, and ordered to pay millions in resolution of Federal Trade Commission allegations that they deceived consumers by promising to reduce or eliminate consumers’ student loan debt.
NEW YORK–Some of the nation’s biggest banks are telling cardholders affected financially by the COVID-19 outbreak they may be able to help.
