WASHINGTON—A Federal Trade Commission lawsuit against the operators of a telemarketing scam that called hundreds of thousands of consumers nationwide pitching “extended automobile warranties” will result in a lifetime ban from any outbound telemarketing business and from any involvement with extended automobile warranty sales.
WASHINGTON–The Community Development Financial Institutions Fund (CDFI Fund) has released its fiscal year (FY) 2021 data, which was reported in FY 2022 by active Community Development Financial Institutions (CDFI) Program and Native American Community Assistance (NACA) Program Financial Assistance (FA) Recipients via the CDFI Fund’s data collection system.
HARRISBURG, Penn./HAMILTON, N.J.– The CrossState Credit Union Association has introduced the “Trusted Contact Person” form with companion resources to help credit unions protect older adults from financial abuse.
LONDON—Binance, the world’s largest cryptocurrency exchange by trading volume, has canceled the registration of its inactive subsidiary in the United Kingdom.
TROY, Mich.–The security around debit cards is an increasing concern to consumers as point-of-sale payment options proliferate, according to the findings of a new J.D. Power survey.
WASHINGTON— Interchange legislation only benefits the big merchants, according to a new that evaluated the impact the Durbin legislation has had on consumers’ pocketbooks, as well as what the proposed credit card interchange rules would reportedly do
WASHINGTON—NAFCU, CUNA, and the American Association of Credit Union Leagues (AACUL) have filed a joint amicus brief to the Supreme Court challenging the constitutionality of the CFPB's funding structure.
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $100 million to customers for systematically “double-dipping” on fees imposed on customers with insufficient funds in their account. The Bureau said the bank deliberately withheld reward bonuses explicitly promised to credit card customers, and misappropriated sensitive personal information to open accounts without customer knowledge or authorization.
MILWAUKEE, Wis.– QuantyPhi, a CUSO that provides balance sheet optimization solutions, has launched a Liquidity Framework Review service.
WASHINGTON–The Independent Community Bankers of America (ICBA) is reacting positively following remarks by Federal Reserve Vice Chair for Supervision Michael Barr on pending regulatory capital rules.
