NORTH CHESTERFIELD, Va.–Two Virginia credit unions have announced a merger. The $90-million Chesterfield Federal Credit Union said it plans to merge into the $3.7-billion Virginia FCU.
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WASHINGTON– A coalition of 61 consumer, civil rights, and community groups today sent letters to three federal bank regulators urging them not to allow their banks to help payday lenders evade state interest rate limits via so-called “rent-a-bank” schemes.
OLEAN, N.Y.–To mark hitting the $300 million in assets threshold, Olean Area FCU is paying out a $1 million dollar “special member dividend” to reward members for their participation.
MIDDLETOWN, R.I.–Two credit unions have announced new CEOs.
ARLINGTON, Va.—What are the potential fair lending implications of considering immigration status when evaluating student loan applications?
LONDON–One fintech here that plans to partner with a credit union has been selected as a finalist in the government-sponsored “Affordable Credit Challenge,” a £1.5 million challenge that seeks to encourage U.K, fintechs and community lenders to work together in order to access alternatives to high-cost short-term credit.
ST. PAUL, Minn.–The Minnesota Credit Union Network said it is teaming with UCare to educate Minnesotans about the opportunity to open Health Savings Accounts (HSAs) at one of the state’s credit unions.
WASHINGTON—In the war against card skimming at gas pumps, authorities have a new weapon.
GLASTONBURY, Conn.–Digital payments company Payrailz said it has changed the name of its recently launched CUSO from CU Payz to CU Railz.
CINCINNATI—Kroger, the nation's largest grocer, is reversing its ban on Visa credit cards that affected a small number of its stores.