A credit union that shares leadership with the Illinois Credit Union League is issuing a credit card that consumer advocates have condemned as a consumer unfriendly, “fee-harvesting” card.
Wells Fargo, Bank of America, Citigroup among those accused of notification failures, sending inaccurate information.
Cards issued have APRs of 29.99%.
Illinois Credit Union League President/CEO Dan Plauda will be retiring June 30, 2014, after 37 years of service to the credit union movement.
Idaho leads in loans outstanding and Oklahoma in loan growth in March-March numbers out Tuesday from NCUA.
Credit reporting agencies and the ability to filter complaints by state also added to bureau offering.
Credit Union 24 has shortened its name to CU24 but broadened its vision of what it can offer an already crowded payments market.
Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
Ever since Rep. Jeb Hensarling (R-Texas) and Rep. Maxine Waters (D-Calif.) were named the chairman and ranking member of the House Financial Services Committee late last year, Capitol Hill observers have waited for the two members of Congress and their polar opposite ideologies to clash publicly.
House Financial Services Committee chair says "there is no legally appointed director of the CFPB at this time."