WASHINGTON— First-of-its-kind research has revealed dedicated training for employees of banks and credit unions significantly strengthens the ability to stop financial exploitation incidents before money leaves consumers’ accounts, according to a research report published by AARP and Virginia Tech’s Center for Gerontology.
WASHINGTON—Several banks have agreed to pay settlements to regulators related to alleged wrongdoing.
WASHINGTON–The vice president of a Florida credit union testified before the House yesterday and urged Congress to act on a number of issues.
NEW YORK–More than half the world’s banks could fail in the event of a global economic slowdown, according to a new study by McKinsey and Co.
LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2013-2017 decreased in value -1.0% during September, with cars changing -1.1% and trucks changing -1.0%, according to Black Book.
NEW YORK—Fed rate cuts aimed at boosting U.S. economic activity by lowering borrowing costs are not being reflected in the APRs on retail credit cards, a new report shows.
NEW YORK—The U.S. prime lending rate has fallen thanks to easier Fed monetary policy. But the spread between the prime rate and the average annualized rate on credit cards (5.3% and 17%, respectively) widened to a record level at the end of August, a new report reveals.
NEW YORK–One analyst is predicting a fundamental shift in how Millennials in the U.S. spend money is going to have a significant effect on the U.S. economy. If true, the forecast would be good news for credit unions.
COSTA MESA, Calif.—Where do Americans stand on the long-anticipated cashless society? They are ready to continue anticipating.
WASHINGTON—The CFPB plans host on Nov. 6 a symposium on Section 1071 of the Dodd-Frank Act, which requires the Bureau to collect data on lending to small businesses. CFPB Director Kathy Kraninger is set to deliver remarks during the event, scheduled for 9:30 a.m. ET.
