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August

10
2023
Industry News

DFPI Continues Actions To Protect Investors from Crypto Scams

SACRAMENTO – The Commissioner of the California Department of Financial Protection and Innovation (DFPI) announced today that she has issued desist and refrain orders against three different entities for violations of California securities laws. Each of these entities allegedly offered and sold unqualified securities and made material misrepresentations and omissions to investors related to crypto asset investments.

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August

9
2023
Industry News

TopLine Financial Credit Union Receives National Recognition for Adult Financial Education Efforts

MAPLE GROVE, Minn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, was honored with a national award from the Credit Union Financial Education Network (CUFEN) in the adult education category for the number of adults reached through personal financial education efforts.

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August

9
2023
Industry News

Attorney General Bonta Supports Federal Legislation Protecting Veterans from Financial Exploitation

OAKLANDJoining a bipartisan coalition of 44 attorneys general, California Attorney General Rob Bonta today sent a letter to Congress expressing his support for bipartisan federal legislation that aims to protect veterans from financial exploitation.

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August

9
2023
Trends

Americans’ credit card debt hits a record $1 trillion

Minneapolis CNN— Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

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August

9
2023
Industry News

Texas community bank and community bank trade groups seek leave to intervene

Texas First Bank (Texas First), Independent Bankers Association of Texas (IBAT), and Independent Community Bankers of America (ICBA) (collectively, Proposed Intervenors) have filed an unopposed motion seeking leave from the court to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule).

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