A consumer coalition voiced support to federal financial regulators attempts to prevent payday lenders from using the electronic check system to debit their customer's checking accounts for loan payments.
Group of groups call for regulator attention to payday lenders using automatic check debits.
This Opinion column discusses how credit unions can now leverage new solutions to not only compete but to win in a competitive marketplace.
Fed says service is compliant now and will be going forward.
The Consumer Financial Protection Bureau’s proposed remittance regulations could force credit unions to stop providing the service, said CUNA and NAFCU in letters submitted to CFPB Executive Secretary Monica Jackson.
Trades say proposed CFPB remittance regulations would create too many barriers for credit unions to offer the service.
When asked how he sees the state of business services and lending among credit unions, Larry Middleman teeters on optimism and concern.
New CFPB rule governs all outgoing international wire transfers and ACH transactions.
Second corporate in a week to commit to Jersey City processor as U.S. Central Bridge closure approaches.
Ohio corporate says move will fill gap left by shutdown of ACH from U.S. Central Bridge.