WASHINGTON—The Federal Trade Commission reported it is sending more than $4.1 million in refunds to people who lost money to student loan debt relief scammers who “lured consumers with fake loan forgiveness claims and pocketed their money.”
Fresh Today
NEW YORK—Bank customers used Zelle to transfer $806 billion via 2.9 billion payments during 2023, up 28% in both dollar value and transaction volume from 2022, as use of the payment app by small businesses spread, Forbes reported.
NEW YORK – The New York Attorney General’s office has released a list of the top 10 consumer complaints received by its office in 2023.
MIAMI–Consumers in February said they were feeling approximately 9% more confident about their financial health than they did one year ago, according to the latest WalletHub Economic Index.
NEW YORK—Americans are finding it hard to dig themselves out of debt, and a new research report suggests that the rising popularity of buy now, pay later could push those already struggling into a worse situation.
OCEANSIDE, Calif.–Another California credit union has found itself the subject of negative media coverage over its overdraft practices, in this case for the OD revenue it sees from “young Marines.”
Following Claim That CU Purchases of Banks ‘Raise Questions’ Over Tax Status, America’s CUs Responds
WASHINGTON—In the wake of a claim by the National Taxpayers Union that credit union acquisitions of banks “raise questions” over the CU tax exemption, America’s Credit Unions has sent a response it says highlights “inaccuracies.”
MENOMONIE, Wis.–WESTconsin Credit Union has named a new president/CEO to succeed Lora Benrud, who is to retire in September.
TUCSON, Ariz. — Vantage West Credit Union said it has launched HUSTL, a new digital financial brand built for freelancers.
INDIANAPOLIS–In a development that affects members of at least one credit union, Bradford-Scott Data, LLC has filed a notice of a data breach with the Attorney General of Maine after discovering an unauthorized party was able to access portions of the company’s IT network.