WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued two notices and requests for comments in the Federal Register seeking renewals without change of currently approved Bank Secrecy Act (BSA) regulatory requirements for covered financial institutions.
BROOKLYN, N.Y.–Two credit unions here have partnered with New York City Comptroller Scott M. Stringer on a pilot program aimed at helping people to use their rent payments to boost their credit scores.
CINCINNATI—Lease credit approval rates fell as the New Year kicked off. Swapalease.com reported that car lease credit applicants registered a 57.8% approval rate in January, down from 62.0% in December. January’s rate was higher than the 50% rate from a year ago.
CINCINNATI—Consumers may be in for a shock this year when find out their lease payments are higher than in years past.
CUPERTINO, Calif.—Apple Pay is partnering with Volusion, an e-commerce platform for small businesses, to create a "Buy Now" button for its merchants.
MADISON, Wis. – Lois Kitsch, whose diverse career has included credit union-related posts around the world, including in war-torn areas, has announced plans to retire from the National Credit Union Foundation.
WASHINGTON–As opposed to the official credit union position, the Consumer Federation of America is blasting what it is calling a “misnamed” piece of legislation, the Protecting Consumers' Access to Credit Act of 2017 (HR 3299), which passed the House and which specifies that notwithstanding any state law to the contrary, a loan which was valid when made, remains valid if transferred to a third party and may be enforced by that third party.
WASHINGTON–The House Financial Services Committee (HSFC) has passed new data breach legislation.
SAN FRANCISCO–Even if mortgage rate averages should top 5% just 6% of potential homebuyers said it would cause them to cancel their plans, according to a new survey.
WASHINGTON—Banks and credit unions can do a lot more to serve the small-dollar loan segment, according to a brief just published by Pew Charitable Trusts.
