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May

22
2023
Industry News

Members First Credit Union receives $1.5M grant from state of Michigan

MIDLAND, Mich.— Members First Credit Union has been awarded a $1.5 million Community Development Financial Institution (CDFI) grant. This grant will enable Members First to further its mission of supporting underserved communities and driving economic opportunity for its members.

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May

22
2023
Industry News

From the Web: Student Loan Forgiveness Update

The U.S. Supreme Court is set to rule soon on two cases that aim to halt the Biden administration’s plan to forgive up to $20,000 in federal student loans for borrowers, according to an article in The Hill.

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May

22
2023
Industry News

FTC Files Brief in Jones v. Google in Support of Appeals Court Ruling that COPPA Does Not Preempt Plaintiffs’ State Privacy Claims

The Federal Trade Commission filed a brief arguing that the Children’s Online Privacy Protection Act (COPPA) does not preempt state privacy laws that are consistent with COPPA. The brief was filed in support of a federal appeals court’s ruling in Jones v. Google, a case in which a group of children allege that Google collected data and surreptitiously tracked their online activity in violation of state laws.

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May

22
2023
Industry News

Texans Credit Union Expands Senior Leadership Team

RICHARDSON, Texas, May 22, 2023 /PRNewswire/ -- Texans Credit Union (Texans), a leading credit union in North Texas, announced today Ian Beirnes joins as Vice President of IT Systems. Beirnes will be responsible for managing the credit union's technology infrastructure and operations department.

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May

22
2023
Trends

Regulatory Interest in Fair Lending Spikes

Although always a significant focus of consumer lending, recent regulatory actions and pronouncements illustrate the sharp focus fair lending issues are receiving by both federal financial regulators and research bureaus.

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