Advanced search


WASHINGTON—A Southern California-based auto dealership group will pay $1.4 million to settle Federal Trade Commission charges that it violated a 2014 administrative order prohibiting it from misrepresenting how much consumers could pay to finance or lease a vehicle, the FTC reported.

NEW YORK—At a time when many are questioning whether digital wallets will ever live up to their expectations, the head of the world's biggest credit card issuer is predicting digital wallets will kill that part of the bank's business.

WASHINGTON—Various regulatory issues affecting the credit union community, including overdraft, the Home Mortgage Disclosure Act (HMDA) and unfair, deceptive, or abusive acts or practices (UDAAP), were discussed Tuesday by the NAFCU board and CFPB Director Richard Cordray at NAFCU’s headquarters.

JAY, Maine–Two credit unions have named new chief executives. At OTIS Federal Credit Union here, the $161-million CU said that effective Jan. 1, 2018 Kim Turner will lead the organization, succeeding Roland Poirier, who is retiring after 31 years.

WASHINGTON—Randal Quarles, the Federal Reserve's recently seated vice chairman for supervision, said during recent remarks that the Federal Reserve should take "a fresh look at everything," including ways to better tailor regulations.