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ALEXANDRIA, Va.–NCUA is reminding that June 30 is the deadline for low-income and MDI credit unions to submit applications for Community Development Revolving Loan Fund grants. NCUA has also  released the June 2023 update of its Simplified CECL Tool.

WASHINGTON—The Federal Trade Commission said it is sending payments totaling more than $3.3 million to consumers who were harmed by Arete Financial Group, a student loan debt relief operation that “tricked” consumers into making illegal upfront payments.

CHICAGO—The Federal Trade Commission has filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).

NEW YORK–In a trend that is also evident in credit unions, a number of major U.S. firms have announced big investments in artificial intelligence technology.

NEW YORK—Just which generation is propping up the U.S. economy? According to a new report, it’s the nation’s oldest consumers are spending more.

PASADENA, Calif.–With the pause on federal student loan payments set to expire and with a decision on the issue before the Supreme Court, a new study has revealed the states where people are carrying the most and least student debt.

KALAMAZOO, Mich.–Advia Credit Union has announced its membership as an employer with Diversity Jobs, a partnership it said demonstrates its commitment to diversity, equity, and inclusion (DEI) in the workplace.