News

1 min read

CFPB report finds credit card trends returning to pre-pandemic levels

October 6, 2021 Cucolle1

WASHINGTON, D.C. – The Consumer Financial Protection Bureau released its fifth biennial report to Congress...

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CFPB issues Reg F debt collection rule FAQs

October 4, 2021 Cucolle1

Regulation F is sneaking up on us all. Are you ready? With Regulation F...

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Rohit Chopra confirmed by Senate to head the CFPB

October 1, 2021 Cucolle1

By a partisan Senate vote of a 50-48, Rohit Chopra has been confirmed by...

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Santander settles over SCRA violations, again

October 1, 2021 Cucolle1

FOR IMMEDIATE RELEASE Thursday, September 30, 2021 – The Department of Justice announced today...

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NCUA Warns of the coming wave in delinquency

September 29, 2021 Cucolle1

On September 21st, NCUA chairman Todd Harper issued a Guidance Letter titled “Navigating and...

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SEC charges subprime auto lender with fraud

September 28, 2021 Cucolle1

Washington, D.C.- September 23, 2021 – The Securities and Exchange Commission (SEC) announced fraud...

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CFPB reports consumer complaints vary by racial demographics

September 24, 2021 Cucolle1

Washington, DC – SEP 23, 2021 – The Consumer Financial Protection Bureau (CFPB) today...

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S&P/Experian – auto defaults edge upward

September 24, 2021 Cucolle1

Bank Card and Composite Rate at Lowest Levels Since 2004 NEW YORK, SEPTEMBER 21,...

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NAFCU President issues ‘s op-ed against new IRS reporting requirements

September 19, 2021 Cucolle1

NAFCU President and CEO Dan Berger addressed Congress’ recent Fiscal Year 2022 Budget Resolution...

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Facebook launches collections program

September 15, 2021 Cucolle1

Yes, this is for real. As if all of the censoring, Covid misinformation and...

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CU opposition to expanded IRS reporting requirements grows

September 15, 2021 Cucolle1

“This is frankly an invasion of credit union member privacy because this information cannot...

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CFPB sues LendUp Loans for $3.6M for deceiving borrowers

September 13, 2021 Cucolle1

Online Lender Accused of Continuing to Misrepresent Products and Failing to Provide Timely and...

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Santander to pay consumers $3M for risking probable default

September 13, 2021 Cucolle1

Denver, CO – 10 September, 2021 – Colorado Attorney General Phil Weiser announced Friday...

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Wells Fargo hit with a $250 million penalty cease and desist order

September 9, 2021 Cucolle1

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million...

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Proposed IRS reporting provisions would create ‘significant new burdens’

September 9, 2021 Cucolle1

This proposal would put credit unions and banks in the position of perpetrating an...

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NAFCU urges against inclusion of IRS reporting requirement in Budget Resolution

September 9, 2021 Cucolle1

Personal Privacy Also at Stake! SEPTEMBER 09, 2021 – As the House Ways and...

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California’s New Think Tank for Debt Collection Issues

September 7, 2021 Cucolle1

The California Debt Collection Advisory Committee held its first meeting Wednesday to discuss consumer...

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Stop Congresses Financial Intrusion by the IRS

September 1, 2021 Cucolle1

Full Reporting to IRS of ALL Consumer Financial Activity by Credit Unions and Banks...