No Surprises! CFPB Bulletin offers Reminders to Debt Collectors, Credit Bureaus Regarding Medical Bills 01/13/2022 08:18 pm WASHINGTON —The Consumer Financial Protection Bureau (CFPB) has released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills.
Lending Activity Picked Up at End of 2021, Fed’s Beige Book Finds; 2022 Forecast Offered 01/13/2022 08:18 pm WASHINGTON–Lending activity in the U.S. picked up slightly toward the end of 2021, led by commercial real estate borrowers, according to the latest Beige Book report from the Federal Reserve.
Bill Would Block Fed From Issuing Central Bank Digital Currency Directly to Consumers 01/13/2022 08:18 pm WASHINGTON–New legislation in Congress seeks to block the Federal Reserve from issuing a central bank digital currency directly to consumers.
What’s Being Done About Backlog of CDFI Applications, NAFCU Asks Treasury 01/13/2022 08:18 pm WASHINGTON—Continuing to press for answers around what is being done about the backlog of applications for CDFI funds at the Treasury Department, NAFCU has sent a letter requesting enhanced transparency and communication on pending applications for credit unions seeking CDFI certification.
Wells Fargo Joins Other Big Banks in Cutting Overdraft Fee 01/13/2022 08:18 pm NEW YORK–Wells Fargo has joined Bank of America in becoming the latest to announce it will significantly reduce its overdraft fee.
Bustin' a Myth, Walking the Plank 10/26/2021 05:10 pm With credit union leaders now returning to pre-COVID levels of confidence in their own CUs and the economy, as reported here, some notes on deflating myths, Muenster and mateys, and something you should never stare at directly.
Michigan’s CUs Report Membership, Lending Growth During Q2 10/26/2021 07:51 pm LANSING, Mich.–Michigan’s credit unions are reporting membership gains during the second quarter of this year.
VyStar CU Latest to Offer Members Ability to be Paid 2 Days Early 10/26/2021 07:51 pm JACKSONVILLE, Fla.— VyStar Credit Union is the latest to offer a service that allows members to be paid up to two days sooner when they link their VyStar checking or savings account with a direct deposit payment.
Big Bank Continues to Shutter Branches in Some Markets, Expands in Others 10/26/2021 07:51 pm CINCINNATI–Fifth Third Bancorp continues to move forward with plans to close more than 80 branches, even as it expands its branch presence in certain markets.
Vizo Supports Victory Junction 10/26/2021 03:34 pm GREENSBORO, N.C.–Vizo Financial participated in Victory Junction’s 16th Annual Run to Victory.
