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November

7
2023
Industry News

Redwood Credit Union’s Eric Maldonado Honored for His Service to the Small Business and Latino Communities

San Francisco, CA – Eric Maldonado, business development manager for Redwood Credit Union, was recently honored by the Hispanic Chambers of Commerce of San Francisco (HCCSF) for his leadership and contribution in serving the small business community.

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November

7
2023
Industry News

NCUA Awards $400,000 in CDRLF Pilot Grants

ALEXANDRIA, Va. (Nov. 7, 2023) – The National Credit Union Administration has awarded $400,000 in Community Development Revolving Loan Fund grants to support innovative credit union pilot projects.

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November

7
2023
Industry News

California Enacts Digital Assets Licensing Law

On Oct. 13, 2023, California Governor Gavin Newsom signed CA AB39, the Digital Financial Assets Law (DFAL), which is the first comprehensive framework to regulate the digital asset market in the state of California. As such, California joins New York and Louisiana as the third state to have a virtual currency specific regulatory licensing framework.

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November

7
2023
Industry News

Durbin, DeLauro Send Letter Urging Department Of Education To Recoup Funds From Predatory, For-Profit Colleges University Of Phoenix And Ashford University

WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL) and U.S. Representative Rosa DeLauro (D-CT-03) sent a letter to Department of Education Secretary Miguel Cardona urging him to recoup funds from for-profit colleges University of Phoenix (Phoenix) and Ashford University (Ashford) after the agency cancelled student debts for borrowers that were defrauded by those institutions.

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November

7
2023
Industry News

FTC, Florida Lawsuit Leads To Restrictions on Chargebacks911, Prohibits Deceptive Efforts to Stop Consumers From Reversing Disputed Charges

As a result of a law enforcement action by the Federal Trade Commission and the State of Florida, Chargebacks911 and its owners have agreed to a settlementthat will prohibit them from working with certain high-risk clients and using deceptive tactics to stop consumers trying to dispute credit card charges through the chargeback process.

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