SAN FRANCISCO—Online student loan refinancer SoFi has agreed to stop misrepresenting how much money student loan borrowers have saved or will save from refinancing their loans with the company, in order to settle Federal Trade Commission charges that it deceptively advertised inflated figures for more than two years, the FTC stated.
BOSTON–A new survey offers insights into how many consumers have had their financial data breached, what consumers think of biometrics, and where there may be a “blind spot” among financial executives.
BOSTON–Blockchain has the potential to provide a universal distributed system that can be used by retail financial institutions to “transform” five key areas of operations, according to a new analysis.
OMAHA, Neb.–Size matters when it comes to people referring someone else to a financial institution–but not in the way many might assume.
SEATAC, Wash.—The Northwest CU Association has taken a stand in opposition to any credit union retaining a name that suggests it remains a CU after it converts to any other kind of charter.
BETHESDA, Md.—A lawsuit seeking class action status has been filed that alleges Marriott Employees Federal Credit Union here is in violation of the Truth in Lending Act (TILA).
ANAHEIM, Calif.–The complexity, risks and resulting potential costs to credit unions of commercial lending were readily apparent during a discussion here, with a warning issued as many CUs push LTVs even higher.
ANAHEIM, Calif.–The perception might be they are too saddled with student debt to ever get out of an apartment or parent’s house, but the reality is one-in-three home purchases today are being made by Millennials—and for credit unions that means changing their approach to marketing home loans, according to one person.
ANAHEIM, Calif.–Forty-four percent of consumers say they are more likely to be a repeat customer/member if they experience a “personalized” relationship.
LA CROSSE, Wis.—Marine Credit Union said it has completed the acquisition of 10 branches from Old National Bank through a purchase agreement it announced earlier this year.
