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October

11
2023
Industry News

SECU Launches Fourth Annual Kindness Campaign, Aims for Half a Million Acts of Kindness in October

BALTIMORE, Oct. 10, 2023 /PRNewswire/ -- SECU, Maryland's largest state-chartered credit union, is proud to unveil the fourth edition of its Kindness Campaign this October, building on the campaign's successful legacy of fostering compassion and community engagement among its members and beyond. With an aspiration to inspire 500,000 acts of kindness, SECU's Kindness Campaign continues to rally individuals, organizations, and partners throughout Maryland.

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October

11
2023
Industry News

CFPB Sues Repeat Offender Freedom Mortgage Corporation for Providing False Information to Federal Regulators

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court today, alleging that Freedom Mortgage Corporation submitted legally-required mortgage loan data that was riddled with errors.

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October

11
2023
Industry News

FTC Proposes Rule to Ban Junk Fees

The Federal Trade Commission today announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses.

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October

11
2023
Industry News

CFPB Issues Guidance to Halt Large Banks from Charging Illegal Junk Fees for Basic Customer Service

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about their own accounts.

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October

11
2023
Industry News

CFPB Exams Return $140 Million to Consumers Hit by Illegal Junk Fees in Banking, Auto Loans, and Remittances

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to protect consumers from illegal junk fees.

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