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October

30
2023
Industry News

FTC Sends Nearly $100 Million in Refunds to Vonage Consumers Who Were Trapped in Subscriptions By Dark Patterns and Junk Fees

The Federal Trade Commission is sending nearly $100 million in refunds to consumers who lost money as a result of internet phone service provider Vonage imposing junk fees and creating obstacles to those who try to cancel their service.

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October

27
2023
Industry News

U.S. Bank claims spot in the BNPL space

LAS VEGAS — U.S. Bank stepped into the buy now, pay later space Tuesday with the launch of Avvance, a new point-of-sale lending product.

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October

27
2023
Industry News

US Serious Mortgage Delinquency Rate Drops to All-Time Low in August, CoreLogic Reports

IRVINE, Calif., October 26, 2023CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for August 2023.

In August 2023, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023.

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October

27
2023
Industry News

FTC Amends Safeguards Rule to Require Non-Banking Financial Institutions to Report Data Security Breaches

The Federal Trade Commission has approved an amendment to the Safeguards Rule that would require non-banking institutions to report certain data breaches and other security events to the agency.

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October

27
2023
Industry News

Redwood Credit Union Donates More than $49,000 to Local Nonprofits for International Credit Union Day

SANTA ROSA, Calif., Oct. 26, 2023 /PRNewswire-PRWeb/ -- On October 19, Redwood Credit Union joined credit unions around the world in celebrating International Credit Union (ICU) Day, a day for credit unions to reflect on their history and commitment to serving their members and communities.

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