MIAMI—With Americans projected to increase their collective credit card debt by $120 billion this year, and with the grand total at nearly $1.3 trillion, a new analysis said it has identified the states where consumers face the biggest challenges in paying off those balances.
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WASHINGTON–With Congress in recess through Labor Day, credit union advocacy is largely focused on monitoring bills that have already been submitted, legislation that is in progress and meeting with representatives in their home states and districts.
SEATTLE—Verity Credit Union said it has received a $383,223 grant from the Treasury’s Department’s Small Dollar Loan (SDL) program that it will utilize to develop a program offering unsecured loans of up to $2,500, with no prepayment penalty and the opportunity to repay in installments.
WASHINGTON–More than 40,000 consumers are receiving refunds from All American Check Cashing, Inc. following a settlement with the CFPB.
CHARLOTTE, N.C.–Skyla Credit Union has introduced a new “Simply Prosper Checking Account” that pays 4.00% APY on balances up to $25,000 providing certain criteria are met.
TACOMA, Wash. — Six people have been charged in a scheme to steal $345,000 from a credit union here.
LIVONIA, Mich. – CUSG, a subsidiary of the Michigan CU League, said it has acquired InetSolution, a website design and hosting company that caters to banks and credit unions.
WASHINGTON – The Protecting Consumers from Payment Scams Act has been introduced in Congress. Designed to protect consumers from fraud impacting payment apps and bank accounts,” the proposed bill has won the endorsement of a number of consumer groups.
TOPEKA, Kan.--Four states will hold their primary elections today – Kansas, Michigan, Missouri and Washington.
WASHINGTON—The Consumer Financial Protection Bureau has joined several other federal financial regulatory agencies in announcing a proposed rule to establish data standards for certain information collections submitted to financial regulatory agencies.