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November

28
2023
Industry News

FCC Advances Text Blocking Proposals for Consideration at December Meeting

The Federal Communications Commission will consider multiple avenues to expand its text message blocking rules at its Dec. 13 meeting.

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November

28
2023
Industry News

FTC Returns More than $3 Million to Businesses that Paid for HomeAdvisor Memberships, Announces Claims Process for Additional Refunds

The Federal Trade Commission is sending more than $3 million in refunds to businesses that paid for memberships to HomeAdvisor, Inc., a company affiliated with Angi (formerly known as Angie’s List). The agency is also sending claim forms to businesses that are eligible for additional refunds.

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November

28
2023
Industry News

America First Credit Union Ranked Top SBA Credit Union Lender in the Nation for the Second Year

SALT LAKE CITY, Nov. 28, 2023 /PRNewswire/ -- America First Credit Union (AFCU) ranks as the top Small Business Administration (SBA) credit union lender in the United States. The list ranks all financial institutions across the country based on the approved dollar amount of SBA loans. As the top credit union on the list, AFCU has $71,754,300 in approved SBA loans, averaging $1,176,300 per loan.

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November

28
2023
Industry News

CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law. For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions as required under federal law, and then falsely reported that the applicants had chosen not to respond. Under the CFPB’s order, Bank of America must pay $12 million into the CFPB’s victims relief fund.

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November

28
2023
Industry News

Alliant Credit Union's Meredith Ritchie Named to List of Most Powerful Women in Credit Unions

CHICAGO, Nov. 28, 2023 /PRNewswire/ -- Alliant Credit Union proudly announces that Meredith Ritchie, General Counsel, Chief Ethics and Government Affairs Officer, has been named to American Banker's Most Powerful Women in Credit Unions list for 2023. Ritchie, who also serves as the Board President for the Alliant Credit Union Foundation, was recognized for her outstanding leadership, dedication and impactful contributions to the Credit Union industry.

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