LACEY, Wash.—TwinStar Credit Union has agreed to a $1.75-million settlement to resolve a class-action lawsuit alleging it charged unfair overdraft and NSF fees, according to Top Class Actions.
Fresh Today
ST. PETERSBURG, Fla.—Consumer spending for May suggests continued momentum, albeit at a slower pace than prior years, according to the June edition of the Velera Payments Index.
WASHINGTON--The credit union industry is joining together to push back on the White House’s original budget proposal with cuts to eliminate funding for the Treasury’s Community Development Financial Institutions (CDFI) Fund, America's Credit Unions reported.
NEW YORK—Walmart is taking an even bigger step into the financial services marketplace by adding a new credit card to its offerings.
SAN ANTONIO—Security Service FCU President/CEO Jim Laffoon has retired from the $14-billion institution, the credit union announced.
CHICAGO—Illinois Governor J.B. Pritzker (D) has signed legislation delaying the Interchange Fee Prohibition Act (IFPA) by one year, America’s Credit Unions reported.
BENTONVILLE, Ark.—With Walmart and Amazon actively considering launching their own stablecoins, one credit union insider suggests cooperatives need to be paying attention to the major retailers’ moves.
WASHINGTON—The Defense Credit Union Council has submitted a letter to the Senate Judiciary Committee outlining the unique role defense credit unions play in preventing fraud, particularly within military and veteran communities.
WASHINGTON—The budget reconciliation bill and the GENIUS Act remain top legislative priorities the trade associations acknowledged Monday morning as the House is in-district this week and the Senate remains in town for three days before leaving Thursday in observance of Juneteenth.
WASHINGTON--By unanimous consent, the Senate has passed legislation to ban abusive mortgage trigger leads, America's Credit Unions reported.