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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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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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