Calling it a ‘Repeat Offender,’ CFPB Files Suit Against Ace Cash Express 07/13/2022 07:36 pm WASHINGTON–The Consumer Financial Protection Bureau has filed a lawsuit accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers.
Columbine FCU’s New Mission Statement Makes Clear it ‘Gives a Damn’ 07/13/2022 07:39 pm CENTENNIAL, Colo.–Columbine Federal Credit Union has introduced new mission and vision statements that stress it gives a “damn.”
NY State Regulator Issues Guidance on ‘Unfair, Deceptive’ NSF Practices; Additional Rules May Yet Come 07/13/2022 07:40 pm NEW YORK–The New York State Department of Financial Services (DFS) has announced guidance it said is aimed at prohibiting unfair and deceptive overdraft and non-sufficient funds (NSF) fee practices.
Maine’s Credit Unions Exceed Fundraising Goal for Fighting Hunger 07/13/2022 07:39 pm WESTBROOK, Maine–Maine’s credit unions exceeded their goal during a month-long challenge to raise funds to fight hunger.
NAFCU Announces New Board, Chair, Executive Committee 07/13/2022 07:37 pm ARLINGTON, Va.—NAFCU has announced its 2022-2023 board of directors, including naming Gary Grinnell, president and CEO of Corning Credit Union, as its new chairman.
Credit Suisse Hit With Fine for Failing to Prevent Money Laundering 07/13/2022 07:35 pm BERN, Switzerland— Switzerland's Federal Criminal Court has found Credit Suisse and one of its former employees guilty by of failing to prevent money laundering.
Taiwan Completes Trials For Prototype Central Bank Digital Currency 07/13/2022 07:36 pm TAIPEI CITY, Taiwan—Taiwan has completed trials of its prototype central bank digital currency (CBDC) in technical simulations.
Digital Payments Increasingly Used to Send Funds Around Globe 07/13/2022 07:36 pm SAN FRANCISCO—Consumers are increasingly turning to digital payments to send money around the world, a new study reveals.
Bankers Call for CRA for CUs During Hearing; ‘Feeble Attack’ Meant to Distract, Says NAFCU 07/13/2022 10:05 pm WASHINGTON —During a congressional hearing here, a bank trade group called on Congress to apply the Community Reinvestment Act (CRA) to credit unions.
C. Myers Corporation Names Zimmermann Senior Vice President 07/14/2022 12:52 pm PHOENIX--C. Myers Corporation has named Sean Zimmermann Senior Vice President.
