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June

5
2023
Industry News

New lessons for elder justice networks

Communities across the nation are working to prevent and respond to elder financial exploitation, which threatens the financial security of millions of older adults each year.

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June

5
2023
Industry News

Top Considerations for Vendors Dealing with Distressed Companies

As of March 2023, commercial chapter 11 filings were up 79% compared to the same period of 2022, which includes a number of large retailers.[1]  The first quarter of 2023 saw the highest number of corporate bankruptcy filings in the U.S. since 2010.[2] 

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June

5
2023
Industry News

Money stored in payment apps such as Venmo may be more vulnerable than bank deposits, CFPB says

WASHINGTON — Money held in nonbank, peer-to-peer payment apps is not guaranteed for federal deposit insurance protection, which makes the funds more vulnerable, the Consumer Financial Protection Bureau warned Thursday.

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June

2
2023
Trends

Credit Union Loan Account Balances Rising; Fewer Members Making Payments Above Monthly Minimums

CHICAGO, June 01, 2023 (GLOBE NEWSWIRE) -- The newly released Q2 Credit Union Market Perspectives Report from TransUnion (NYSE: TRU) shows that stubbornly-high inflation continues to put pressure on the monthly budgets of consumers, credit union members among them. This has led to increasing reliance on credit cards and personal loans as borrowers seek ways to make ends meet.

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June

2
2023
Industry News

Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule

WASHINGTON, D.C. – Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations

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