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September

8
2023
Industry News

Wright-Patt Credit Union wins top Air Force award for ‘doing it right’

WRIGHT-PATTERSON AIR FORCE BASE, Ohio – Wright-Patt Credit Union was honored by Wright-Patterson Air Force Base leadership Aug. 24 for going above and beyond in providing the local Air Force community with superior financial services and education.

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September

8
2023
Industry News

New Jersey Federal Court Dismisses FDCPA Claim Based on Alleged Failure to Obtain Proper License for Lack of Standing

In Valentine v. Mullooly, Jeffrey, Rooney & Fylnn LLP the U.S. District Court for the District of New Jersey found that the plaintiff had not suffered an injury in fact and therefore lacked standing to assert a claim under the Fair Debt Collections Practices Act (FDCPA).

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September

8
2023
Industry News

Consumer Alert: Don’t Fall for Student Loan Repayment Scams

As the student loan landscape continues to evolve, borrowers face shifting deadlines, confusion, and uncertainty. As of September 1, 2023, the student loan payment pause has been lifted. Interest is again accruing on federal student loans and payments come due starting in October.

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September

8
2023
Industry News

Apple and Google are ‘choke points’ to equitable payment system: CFPB’s Chopra

Consumer Financial Protection Bureau Director Rohit Chopra said Thursday that Apple (AAPL) and Google (GOOG, GOOGL) are acting as “choke points” to the US payment system, cutting off innovation by keeping other apps out.

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September

8
2023
Trends

Credit Union Assets, Lending, and Delinquencies Rise in 2nd Quarter

ALEXANDRIA, Va. (Sept. 7, 2023) – According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions increased $82 billion, or 3.8 percent, over the year ending in the second quarter of 2023, to $2.22 trillion.

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