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October

12
2023
Industry News

CFPB and FTC Take Actions Against TransUnion for Illegal Rental Background Check and Credit Reporting Practices

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) took action against a rental screening subsidiary of the TransUnion conglomerate for violations of the Fair Credit Reporting Act. The TransUnion company failed to take steps to ensure the rental background checks that landlords use to decide who gets housing were accurate.

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October

12
2023
Industry News

NCUA issues letter on resumption of federal student loan payments

NCUA issued a Letter to Credit Unions (23-CU-08) Wednesday on resumption of federal student loan payments. Federal student loan interest resumed Sept. 1, and payments restart in October.

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October

12
2023
Industry News

Supreme Court agrees to hear debit card ‘swipe fees’ case

The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.”

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October

12
2023
Industry News

CFPB and Justice Department Issue Joint Statement Cautioning that Financial Institutions May Not Use Immigration Status to Illegally Discriminate Against Credit Applicants

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and Justice Department today issued a joint statement that reminds financial institutions that all credit applicants are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status.

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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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