WASHINGTON—The Senate and House are both in session in a busy week that includes a great deal of legislation that impacts credit unions.
Fresh Today
MADISON, Wis.—The World Council of Credit Unions (WOCCU) has launched a strategic collaboration with Visa aimed at addressing one of the most "persistent" barriers to financial inclusion: the high cost, access and complexity of cross-border payments and remittances, WOCCU said.
NEW YORK—JPMorgan Chase plans to begin charging fintech firms for access to customer bank account data, according to a report from Bloomberg News.
MADISON, Wis.--At a July 10 executive team meeting between America’s Credit Unions and TruStage, leaders from both organizations came together at TruStage Headquarters here to "reaffirm" their long-standing partnership and identify new opportunities to advance the credit union system, ACU said.
WASHINGTON— In the CFPB’s lawsuit filed on Nov. 12, 2021, against FirstCash, Inc. and 19 of its subsidiaries for alleged violations of the Military Lending Act (MLA), the parties have reached a settlement and jointly submitted a stipulated final judgment and proposed order. If approved by the court, the agreement would resolve the case, the CFPB said.
PENSACOLA, Fla.— Rodrick Florence Jr., 35, has been sentenced in federal court to 72 months in prison after having previously pled guilty to bank fraud conspiracy and aggravated identity theft charges that involved several credit unions, including Navy FCU.
SACRAMENTO, Calif.— The California Department of Financial Protection and Innovation (DFPI) has fined Coinme $300,000 for crypto kiosk violations.
MINNEAPOLIS, Minn.— Buy now, pay later provider Sezzle has filed a federal lawsuit against Shopify, accusing the Canadian e-commerce giant of undermining its business and violating antitrust laws by favoring its own BNPL service over Sezzle’s for the past four years, Payments Dive reported.
JACKSONVILLE, Fla.—For Lynette Hipsher, staying on top of her finances means having something in hand—literally. Living with a traumatic brain injury that affects her short-term memory, Hipsher depends on printed billing statements to stay organized.
WASHINGTON--America’s Credit Unions Friday wrote to Office of Management and Budget Director Russell Vought regarding the future plans for CFPB funding in light of Vought's decision not to draw funds from the Federal Reserve, and the reduction in the annual funding cap in the budget bill.