PSCU has launched a solution that helps credit unions implement buy now, pay later (BNPL). The credit union service organization’s (CUSO’s) new Installment Payments solution allows some post-purchase credit card transactions to be converted into installment payments, PSCU said in a Thursday (April 27) press release.
FOLSOM, Calif., April 26, 2023 /PRNewswire-PRWeb/ -- SAFE Credit Union hosted its first conference dedicated to supporting credit unions and the FinTech industry in April at the SAFE Credit Union Convention Center. The FinTech Credit Union Connection drew on the growing synergy between credit unions and FinTechs in the Sacramento region, calling on industry and banking leaders from the Bay Area and beyond to attend and speak at the event.
Last week, Montana and Tennessee became the eighth and ninth states to pass comprehensive consumer privacy legislation. The bills were approved by the respective legislatures and are expected to soon be signed by governors of both states.
On April 26, 2023, the Consumer Financial Protection Bureau (CFPB) released an advisory opinion to clarify that it is against the law for a debt collector to sue or threaten to sue in order to collect a time-barred debt, as defined by the Fair Debt Collection Practices Act (FDCPA) and its implementing Regulation F.
The unique demands and challenges of serving in the military – including permanent change of duty stations and multiple deployments – can make it difficult for servicemembers to review their credit reports, identify suspicious accounts, and dispute inaccuracies. Unsurprisingly, servicemembers report more cases of identity theft than other adults. The law requires credit reporting companies to offer free services to help servicemembers monitor their credit, but unfortunately, some servicemembers are not receiving them.
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