New York CNN — Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decades long antitrust case brought upon by merchants.
The Consumer Financial Protection Bureau (CFPB) will reportedly take a closer look at credit card reward programs. This move follows an increase in the number of complaints the agency has received from consumers, CFPB Director Rohit Chopra said Tuesday (March 26), Reuters reported.
In a significant ruling on March 19, the Third Circuit Court of Appeals held that the CFPB can proceed with its lawsuit against a group of Delaware student loan trusts rejecting their claims that they are just passive financing entities outside the reach of the Bureau’s authority.
Your credit union is not just a financial institution. It is a community partner dedicated to empowering individuals, fostering financial well-being, and leaving a lasting impact on the lives of its members.
Harborstone Credit Union plans to expand its presence in Washington with an acquisition of SaviBank and its parent holding company, Savi Financial. The credit union has entered into a purchase and assumption agreement for the transaction, the companies said in a Saturday (March 23) press release.
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