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July

27
2023
Industry News

Orlando Credit Union Awarded Community Impact Grant From Southeastern Credit Union Foundation

ORLANDO, Fla., July 26, 2023 (Newswire.com) - Orlando Credit Union has been awarded a Community Impact Grant from the Southeastern Credit Union Foundation.

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July

27
2023
Industry News

CFPB Probe Finds Abuse in Auto and Payday Loans

America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July 26) that found illegal tactics at work in the auto lending, medical debt and payday loan sectors.

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July

27
2023
Industry News

New SEC rule requires public companies to disclose cybersecurity breaches in 4 days

WASHINGTON (AP) — The Securities and Exchange Commission adopted rules Wednesday to require public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines. Delays will be permitted if immediate disclosure poses serious national security or public safety risks.

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July

27
2023
Industry News

Tow companies can’t force you into a loan when releasing your car, Colorado attorney general says

Towing companies in Colorado can’t force customers to enter loan agreements in order to get their car released from an impound lot, according to the state Attorney General’s consumer protection division.

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July

27
2023
Trends

Looking at credit scores only tells part of the story – cashflow data may tell another part

Most loan underwriting in the United States makes use of credit reporting data to evaluate repayment risk. Lenders frequently use third party credit scores, and many also develop their own proprietary models

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