JACKSONVILLE, Fla.--(BUSINESS WIRE)--VyStar Credit Union announced today its intent to pursue a merger with 121 Financial Credit Union. Both headquartered in Jacksonville, Florida, the credit unions have more than 150 years of combined experience serving their members and communities. The transaction is expected to close later this year pending regulatory and member approval as well as standard closing conditions.
OAKLAND — Attorney General Rob Bonta today co-led a multistate coalition in submitting comments supporting the Federal Trade Commission's (FTC) proposed rule to eliminate non-compete clauses in employment contracts in most circumstances. In a letter sent today to Federal Trade Commission Chair Lina Khan, Attorney General Bonta joined 17 states in supporting a federal rule limiting non-competes.
A data breach caused by a former Consumer Financial Protection Bureau employee forwarding sensitive financial and supervisory information on consumers and banks to their own email account has members of Congress demanding answers from the bureau about its investigation into the incident.
The Consumer Financial Protection Bureau (the “CFPB”) has published a final rule implementing the requirements of Section 1071 of the Dodd-Frank Act (the “Final Rule”), which mandated data collection on certain credit applications to facilitate enforcement of fair lending laws and the identification of business and community development needs and opportunities for women-owned, minority-owned, and Small Businesses.
On March 27, Colorado legislators introduced a bill (H.B. 1229) to opt out of federal banking laws that permit federally insured state chartered banks and credit unions to charge Colorado residents the “interest” permitted under the depository institutions’ home state laws
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