SACRAMENTO –The California Department of Financial Protection and Innovation (DFPI has revoked crypto lender BlockFi Lending LLC’s California Financing Law (CFL) license, the Department said.
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GAINESVILLE, Fla.—The $59-million Alliance Credit Union of Florida has been placed into conservatorship by Florida’s Office of Financial Regulation, which has appointed the National Credit Union Administration as conservator, NCUA reported.
NEW YORK—Consumers in North Dakota (+41.3%) have had the largest increases in debt-to-income ratio since 2013, while those living in the state of Washington have shown the greatest improvement (-19.2%), a new study reveals.
WASHINGTON—The Federal Reserve has reduced interest rates for the second time in 2024, chopping its benchmark rate by 25 BPs, the Fed reported.
TOWSON, Md.—Baltimore County Employees FCU plans to change its name to Peake Federal Credit Union.
WASHINGTON—A new operating fee calculator to help credit unions prepare for paying this amount to NCUA has been added to America’s Credit Unions’ website.
WOODHAVEN, Mich.—The Michigan Credit Union League recently joined with state credit unions to celebrate Inclusiv’s $1.87 billion grant through the federal Greenhouse Gas Reduction Fund (GGRF).
MIAMI—Credit card users will save roughly $1.87 billion in interest over the next 12 months if the Fed cuts its target rate by 25 basis points today, according to analysis from WalletHub.
SANTA ROSA, Calif.— The $819-million Community First Credit Union here and $143-million Vocality Community Credit Union, based in Garberville, Calif., announced they intend to merge.
LOS ANGELES – A Latino civil rights organization has filed a federal class-action lawsuit against Nuvision Credit Union for allegedly denying loans and financial services to certain immigrants based on their immigration status instead of their ability to repay, the organization reported.