Massachusetts senator questions interest markup Sallie Mae passes on to student borrowers.
CFPB creator now Massachusetts senator wonders aloud at hearing if time has come for separate systems for big and small FIs.
Since January 2008, there has been a credit union merger every 1.5 days and beginning in 2013, this rate has increased to one every 1.3 days.
Cards issued have APRs of 29.99%.
The final report of the FDIC’s investigation of a security breach at payments processor FIS found it worse than previously thought, according to a security blog.
Cybersecurity and Critical Infrastructure Working Group will enhance communication among member agencies, the NCUA said.
Security blogger Brian Krebs says FDIC report "highlights shocking lack of basic security protections" at major processor.
NCUA chair urges standards-setting panel to consider unintended consequences of new ALLL rule.
Two long-term opponents of payday lending said that nine federal credit unions in five states continue to offer members payday loans with triple-digit interest rates.
GOP Rep. Randy Neugebauer asks for speedy approval from banking industry regulators, sparking calls for caution from some insurers.