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August

10
2023
Industry News

What we’re hearing from consumers in New Mexico

This week, Consumer Financial Protection Bureau Director Rohit Chopra will visit Gallup and Albuquerque, New Mexico, to meet with elected officials, tribal leaders, community leaders, and consumer advocates to discuss issues New Mexicans are facing—particularly issues related to medical debt and junk fees.

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August

10
2023
Industry News

IN THE WAKE OF RECENT BANK FAILURES, BROWN, COLLEAGUES URGE FEDERAL RESERVE TO OVERHAUL BIG BANK MERGER POLICY

WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, along with Senators Jack Reed (D-RI), Elizabeth Warren (D-MA), and John Fetterman (D-PA) sent a letter to Federal Reserve Chairman Jerome Powell and Vice Chair for Supervision Michael Barr, urging them to review and reconsider the Federal Reserve’s approach to big bank mergers, including the agency’s framework for evaluating a bank merger’s impact on financial stability.

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August

10
2023
Industry News

Credit Union Trade Associations Urge CFPB to Stay Implementation of its Section 1071 Final Rule

On August 7, the National Association of Federally-Insured Credit Unions (NAFCU) and the Credit Union National Association (CUNA) sent a joint letter to the Consumer Financial Protection Bureau (CFPB or Bureau) urging it to stay enforcement and implementation of the small business data collection and reporting final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule) for all covered financial institutions until after the U.S. Supreme Court’s final decision in Community Financial Services Association (CFSA) v CFPB.

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August

10
2023
Industry News

Texans Credit Union Signs Agreement with McKinney Independent School District Athletics to be Exclusive Financial Institution

RICHARDSON, Texas and MCKINNEY, Texas, Aug. 9, 2023 /PRNewswire/ -- Texans Credit Union (Texans), a leading credit union in North Texas, and McKinney Independent School District (ISD) Athletics today announced its partnership naming Texans as its exclusive financial institution for five years. The signed agreement will run through December 31, 2028.

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August

10
2023
Industry News

Seventh Circuit Throws FCC “Guidance” In Trashcan

When it comes to the Telephone Consumer Protection Act (TCPA), the Federal Communications Commission (FCC) often has a lot to say.

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