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December

20
2023
Industry News

FCC Adopts One-to-One Consent Rule to Protect Consumers from Unwanted Telemarketing Robocalls and Robotexts

MADISON, Wis. – Attorney General Josh Kaul and a coalition of Attorneys General provided input to the Federal Communications Commission which has now amended a rule governing telemarketing communications, requiring individual businesses to obtain written consent from consumers before sending robotexts and making robocalls.

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December

20
2023
Industry News

Power Financial Credit Union Voted Best Credit Union in Miami-Dade

PEMBROKE PINES, Fla., Dec. 19, 2023 /PRNewswire-PRWeb/ -- Power Financial Credit Union (PFCU), one of South Florida's largest credit unions, is proud to announce it has been voted the Best Credit Union in Miami-Dade in the prestigious Miami-Dade Favorites content, presented by the Miami Herald. This recognition reflects the unwavering commitment of Power Financial Credit Union to always put the needs and goals of its members first.

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December

20
2023
Industry News

US Consumers Pick National Banks Most for Their Primary Credit Cards

It found that U.S. consumers prefer national banks for their primary credit cards over any other issuer, even if they have a primary bank account with another financial institution. This preference is stronger among clients from traditional FIs, but it also applies to digital-only bank clients.

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December

20
2023
Industry News

AG Ferguson proposes creation of bipartisan Artificial Intelligence Task Force

OLYMPIA Attorney General Bob Ferguson announced today he is partnering with Sen. Joe Nguyen, D-White Center, and Rep. Travis Couture, R-Allyn, to propose legislation in the 2024 session to create an Artificial Intelligence Task Force. The task force will convene industry representatives, civil liberty groups, subject matter experts and other stakeholders to discuss AI benefits and risks and make recommendations to the Legislature.

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December

20
2023
Trends

NCUA Releases Q3 2023 State-Level Data Report

ALEXANDRIA, Va. (Dec. 20, 2023) – Federally insured credit unions experienced growth in loans, positive net income, and delinquencies in the third quarter of 2023, along with a decline in assets, shares, and deposits, according to the latest NCUA Quarterly U.S. Map Review.

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