Digital Federal Credit Union and First Tech Federal Credit Union have announced plans to merge, the credit unions said in a Monday (Sept. 30) news release. If the merger is approved by the National Credit Union Administration and First Tech’s membership, the new credit union will be worth $28.7 billion and have nearly 2 million customers across eight states, the companies said in the release.
Telecom giant T-Mobile will pay a $31.5 million fine to settle investigations with the Federal Communications Commission for past data breaches that exposed the personal data of millions of customers.
This summer, the First Circuit revived a privacy class action based on debt collection practices. In Nightingale v National Grid USA Service Company, the district court granted summary judgment in favor of the defendants and denied class certification. On appeal, the First Circuit vacated and remanded, focusing its analysis on (1) whether the Plaintiff alleged a cognizable injury and (2) whether the injuries alleged met the predominance requirement to certify the putative class.
The Consumer Financial Protection Bureau’s (“CFPB”) Office of Servicemember Affairs Annual Report was released on September 24, 2024, highlighting areas of concern regarding student lending and noting that the number of complaints that servicemembers filed with the CFPB increased in 2023.
The National Credit Union Administration issued one consent and one prohibition notice in September 2024. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution.
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