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WASHINGTON–The nation’s retailers are welcoming a Federal Reserve announcement it plans to clarify what financial institution must pay retailers to decide where to route online debit card transactions for processing the same as they do with in-store debit transactions.

LAKE FOREST, Ill.—Financial data from 2020 suggests the nation today is in “uncharted territory” regarding how the economy might turn in the coming years, including the possibility of another big economic downturn.

ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has submitted comment letters to NCUA and Financial Crimes Enforcement Network (FinCEN) outlining the potential effects on the state credit union system as it applies to reporting requirements for CUSOs, as well as granting access to a Beneficial Ownership database for state regulators.  

WASHINGTON–Mortgage rates, which not long ago were predicted to be in for a slow but moderate increase during 2021, instead fell again last week, the third straight weeks have remained below 3%.

WASHINGTON–The ways in which consumers used payday, title, and pawn loans over periods in 2019 vs. 2020 and the reasons that contribute to why consumers use them have been detailed in a “Data Point” report released by the CFPB.

WASHINGTON—Lawmakers Tom Malinowski (D-NJ) and Sheldon Whitehouse (D-RI) have written to Treasury Secretary Janet Yellen asking her to impose a “war-like footing” in the U.S. Treasury Department to combat money laundering, corruption and kleptocracy.

LAWRENCEVILLE, Ga.— Used values continue to show record-level value retention, Black Book reports.

WASHINGTON—Comments on a number of proposals issued by NCUA and the Consumer Financial Protection Bureau are due in May, beginning today.