COSTA MESA, Calif.–One issue credit unions have been warned about in recent years is that data related to BNPL borrowings isn’t shown in credit reports. But Experian is reporting a step toward making at least some of that information more readily available, even if it won’t be factored into scores at this point.
Fresh Today
WASHINGTON–A member of Congress sat down for a Q&A during America’s Credit Unions GAC here for a short discussion of artificial intelligence and the CFPB—as well as to share his opposition to the Credit Card Competition Act.
WASHINGTON–During a breakout session at America’s Credit Unions’ GAC, attendees were given an update on how international advocacy and other efforts by credit unions have boosted inclusion.
AUSTIN, Texas–California-based Technology Credit Union has opened a branch in the capital city of Texas.
LA CANADA, Calif.– Following a 38-year tenure, Rich Harris, the president and CEO of Caltech Employees FCU, has announced he will retire April 1.
IRVINE, Calif. – Origence Lending Services, a division of Origence, is reporting that during 2023 it funded $6.38 billion in loans with 160 credit unions, representing more than 413,000 members.
LANSING, Mich.– The Michigan Credit Union League (MCUL) has announced the winners of its 2024 MCUL Awards and the Michigan Credit Union Foundation (MCUF) Awards.
WASHINGTON—The Federal Trade Commission is launching a claims process for small businesses harmed by payment processing company First American Payment Systems’ “undisclosed early termination fees.”
WASHINGTON—Despite interest from Senate Democrats such as Elizabeth Warren (D-MA) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would help to get it rolling, according to two sources familiar with the plans, Trading View reported.
SAN FRANCISCO—Western Union and Mercado Pago are reporting they are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico.