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ARLINGTON, Va.—Credit unions that have instituted “convenience fees” as a means of generating additional revenues could find themselves on the receiving end of a lawsuit or in the crosshairs of the CFPB, one legal and compliance expert is warning.

COLUMBIA, Md.–The MD|DC Credit Union Association hosted its 2022 Tech Summit to explore the digital innovations that are redefining financial services and reshaping the member experience.

GLASGOW, Scotlland–Robert Kelly, CEO of the Association of British Credit Unions, Ltd. (ABCUL), said the U.K. is underdeveloped when it comes to the fact too few of its citizens are served by credit unions, and it remains behind on technology, products and services, CUSOs and just “getting in front of people’s everyday lives.”