TROY, Mich.— In what likely won’t come as a big surprise to financial services providers, the new J.D. Power 2024 U.S. Consumer Lending Satisfaction Study has found customer satisfaction with consumer loans is highest among those with the highest levels of financial health and significantly lower among those who are overextended or financially vulnerable.
WASHINGTON—Credit unions are experiencing an “unprecedented battle” on non-interest income, America’s Credit Unions Chief Advocacy Officer Carrie Hunt wrote to NCUA Chairman Todd Harper and CFPB Director Rohit Chopra, stating the “challenges” stem from the actions of both agencies.
PHILADELPHIA–Credit unions that wish to file a claim in the $28.5 million settlement over a data breach at WaWa convenience stores now have a deadline for doing so, as well as a website at which to file claims.
ATLANTA–Georgia Gov. Brian Kemp has signed HB 876 into law.
NEW YORK–Actors Federal Credit Union has named a new president and CEO.
MEMPHIS, Tenn.— Daniel Weickenand, president and CEO of Orion Federal Credit Union, has announced plans to retire at year end.
WASHINGTON—The House Financial Services Committee has passed the CDFI Fund Transparency Act (H.R. 3161) by a voice vote.
WASHINGTON—Representative of the Treasury department recently met with representatives from America’s Credit Unions to discuss the state of credit unions.
JACKSON, Mich.–American 1 Credit Union announced it has signed a $200,000 naming rights agreement for the Michigan Theatre of Jackson.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has sued the online lending platform SoLo Funds for allegedly having deceived borrowers about the total cost of loans.
