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WASHINGTON—Changes in the complaint responses provided by nationwide consumer reporting companies resulted in “fewer meaningful responses and less consumer relief,” according to a new analysis by the Consumer Financial Protection Bureau (CFPB).

WASHINGTON–In separate comment letters, both CUNA and NAFCU have expressed concerns to the CFPB over its section 1071 Proposed Rule, which would require both credit unions and CUSOs that originated at least 25 covered small business credit transactions in each of the two preceding calendar years to collect and report certain small business credit application data. 

BROOKFIELD, Wis.–A new survey from Fiserv confirms the rapid growth of fintechs, and says the reason is the companies’ abilities to enable money management by filling needs for specific capabilities, such as checking credit scores and buying cryptocurrency.

WASHINGTON–Newly released minutes from the Federal Reserve’s most recent meeting in December indicate the Fed may move more quickly to raise rates than many have predicted.