CUPERTINO, Calif.–After launching the service with much fanfare---and raising worries in credit unions—Apple has announced that it is longer be offering BNPL financing through its Apple Pay Later offering, which was launched in 2023.
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ROANOKE, Va.–The former CEO of FedStar FCU has been sentenced to 10 months in prison for an embezzlement that eventually caused the credit union to fail.
SIOUX FALLS, S.D.–Bluestone FCU will begin 2025 with a new president.
BETHLEHEM, Penn.–Two Pennsylvania credit unions said they are seeking to merge.
TRAVERSE CITY, Mich. –The Michigan Credit Union League has announced a number of award winners.
SAN ANTONIO—SWBC said it has entered into a partnership with Finalytics.ai, a fintech that provides a digital personalization platform.
NEW ORLEANS–In what is a setback for the Consumer Financial Protection Bureau, the Fifth U.S. Circuit of Appeals has ruled a challenge to its cap on credit card late fees can remain in a Texas court and not be sent to Washington.
WASHINGTON–The Consumer Financial Protection Bureau has taken action and issued fines against two mortgage-related companies.
WASHINGTON– The Defense Credit Union Council (DCUC) has issued a statement in support of Sen. Ted Budd's (R-NC) proposed legislation, "Secure Payments Act of 2024.”
WASHINGTON–NACUSO has sent a letter to Capitol Hill outlining its opposition to giving NCUA any regulatory authority over third-party vendors, including CUSOs.