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July

21
2023
Industry News

Big Banks Targeted in CFPB Shift to High-Profile Enforcement

The pace of Consumer Financial Protection Bureau enforcement actions has been far slower than expected under Director Rohit Chopra as the agency focuses on big banks and repeat offenders.

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July

21
2023

1 in 5 Student Loan Borrowers Face Monthly Payments of Over $500

When student loan payments resume in October, half of borrowers will have to start making payments of at least $200, according to a new study from TransUnion, a leading credit bureau.

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July

21
2023
Industry News

Possible Changes Ahead for CFPB as It Celebrates 12th Anniversary

The Consumer Financial Protection Bureau celebrates its 12th anniversary July 21, ahead of a year that could bring significant change to its operations and funding, with a pending Supreme Court case and several reform bills in Congress on the docket.

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July

21
2023
Industry News

TEACHERS FEDERAL CREDIT UNION DONATES $200,000 TO COHEN CHILDREN'S MEDICAL CENTER

QUEENS, N.Y., July 21, 2023 /PRNewswire/ -- Teachers Federal Credit Union, one of the largest credit unions in the United States with $9.5 billion assets and more than 460,000 members, proudly presented Cohen Children's Medical Center with a $200,000 donation. The funds will support the hospital's greatest needs, including life-saving medical equipment, clinical care, and research.

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July

21
2023
Industry News

NCUA Board Approves Final Member Expulsion Rule

ALEXANDRIA, Va. (July 20, 2023) – The National Credit Union Administration Board held its seventh open meeting of 2023 and approved a final rule on member expulsion. The NCUA’s Chief Financial Officer also briefed the Board on the agency’s midsession budget, and the Board approved the reprogramming of surplus funds for priority and mission critical areas.

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