Here’s How CFPB Acted in Enforcing Student Loan Servicing, Payday Lending and More 02/27/2020 07:45 pm WASHINGTON—The CFPB has released its winter 2020 Supervisory Highlights, which detail its supervisory and enforcement actions in the areas of student loan servicing, payday lending, debt collection, and mortgage servicing.
American Bar Assn. Lobbying to Protect Lawyers Who Serve Marijuana-Related Businesses 02/27/2020 07:46 pm WASHINGTON—The American Bar Association House of Delegates has adopted two resolutions urging federal legislation to shield lawyers and banks from criminal liability for providing services to state-legalized marijuana businesses.
Fiserv Says Nearly 600 FIs Have Selected Turnkey Service for Zelle 02/27/2020 07:46 pm BROOKFIELD, Wis.— Fiserv is reporting nearly 600 financial institutions have selected Turnkey Service for Zelle from Fiserv, with more than 360 making their selection in 2019.
AmEx Cards Now on Par with Visa, Mastercard in Terms of Acceptance, Company Says 02/27/2020 07:48 pm NEW YORK—American Express credit cards, once considered to have limited merchant acceptance, are now accepted in as many places as Visa and Mastercard within the United States, the company announced.
…CUNA Provides Guide on How to Respond to Questions About CUs Buying Banks 02/27/2020 07:51 pm WASHINGTON–With congressional offices being urged by one banking group to ask hard questions of credit unions, including around CU acquisitions of banks, CUNA has prepared a white paper aimed at providing some answers.
CFPB’s Kraninger, Others Discuss Consumer Access to Financial Records During Symposium 02/27/2020 07:50 pm WASHINGTON—At the CFPB's symposium focused on Section 1033 of the Dodd-Frank Act, Bureau Director Kathy Kraninger and panelists outlined the benefits of consumer access to financial records while also cautioning possible consumer harm as a result of so much data collection and authorization.
Vermont State Employees CU Selects Lumin Digital’s Solutions 02/27/2020 07:48 pm MONTPELIER, Vt.—Vermont State Employees CU has signed a multi-year agreement to make Lumin Digital’s cloud-based platform the credit union’s digital banking solution for retail and business banking, as well as bill pay solutions.
SECU Foundation Donates $40,000 to Freedom Life 02/27/2020 09:02 pm RALEIGH, N.C. – Freedom Life, a non-profit corporation born out of the prison ministry of McDowell Mission Ministries in Marion, N.C., received a $40,000 Mission Development grant from the SECU Foundation.
FHFA Issues Request for Information Around Existing FHLB Regulations 02/27/2020 07:49 pm WASHINGTON—In a new request for information, the Federal Housing Finance Agency (FHFA) is reviewing whether the agency's existing regulations ensure the Federal Home Loan Bank (FHLB) system remains "safe and sound" as part of a review of FHLB membership.
New Home Sales Jump Nearly 8% in January 02/27/2020 07:50 pm ARLINGTON, Va.—New-home sales were up 7.9% from December's revised rate of 708,000 annualized units to 764,000 units in January.
