Consumer Finance

NOVEMBER 6, 2024

The CFPB took action against Navy Federal Credit Union for charging illegal overdraft fees.

Credit Unions 145

Credit Unions Credit Unions Banks 145

Nerd Wallet

DECEMBER 9, 2020

We scoped out some of the best banks and credit unions in California. Choosing a place to bank means finding the best combination of low account fees, convenience and features, as well as harder-to-measure factors such as customer service. California has no shortage of alternatives. Alice Holbrook writes for NerdWallet.

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Nerd Wallet

DECEMBER 9, 2020

They might be thinking about the weather, but Florida residents also have access to many excellent banks and credit unions. Check out some of NerdWallet’s best banks and credit unions nationwide Suncoast Credit Union Checking and savings. Here are a few favorites.

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Credit Unions Credit Unions Banks 89

Nerd Wallet

DECEMBER 9, 2020

New York City is a major financial capital, but it’s not the only place in the state where you can find great banking options. Here are seven of the best banks in New York. + See a summary of our picks Best Banks and Credit Unions in New York Chase Bank: Excellent. Which is right for you?

Credit Unions 97

Credit Unions Credit Unions Banks 97

Credit Corp

JUNE 3, 2020

Commercial banks may be the obvious choice, but they aren’t the only option for your mortgage. Mortgage brokers , online mortgage lenders , and credit unions also originate mortgage loans. Credit unions and other non-banks are gaining in popularity for mortgage originations. Now you just need a mortgage.

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Credit Unions Credit Unions Banks Loans 98

Nerd Wallet

JULY 26, 2021

When you’re frequently bombarded with ads for credit cards at big banks, it’s easy to overlook credit cards at a local credit union. Major credit card issuers generally don’t have these requirements. Major credit card issuers generally don’t have these requirements. But while the. But while the.

Credit Unions 102

Credit Unions Credit Unions Banks 102

Nexa Collect

DECEMBER 17, 2020

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Quite often you drive on the highway and see billboards displaying a variety of ads, including some for services of commercial banks. Or do they?

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Credit Unions Credit Unions Financial Institution Financial services 130

Nerd Wallet

DECEMBER 9, 2020

The best credit unions offer the same accounts and services as banks but often with much better terms. This year’s best credit unions have great rates, low fees and generous perks. The article 10 Best Credit Unions of 2020 originally appeared on NerdWallet. Our top five options are easy.

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Credit Unions Credit Unions Banks 111

Nerd Wallet

DECEMBER 9, 2020

The best mobile banking options can give you access to financial services anytime you want. With banking apps — or a bank website — on your phone or tablet, you can complete many common tasks, including checking your account balance, finding nearby ATMs and depositing a check by snapping a photo. Here are banks and.

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Credit Unions Credit Unions Banks Financial services 68

Nerd Wallet

DECEMBER 9, 2020

Serving people who serve their country is what military banks and credit unions do best. See a summary of our best military banks and credit. The article 5 Best Military Banks and Credit Unions originally appeared on NerdWallet. Spencer Tierney writes for NerdWallet. Twitter: @SpencerNerd.

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Credit Unions Credit Unions Banks Financial Institution 57

Nerd Wallet

SEPTEMBER 28, 2020

The best bank or credit union for you depends on what you’re in the market for: a savings account, a checking account, or both. Top Overall Banks: Seven financial institutions earned excellent marks in both our. Top Overall Banks: Seven financial institutions earned excellent marks in both our.

Credit Unions 59

Credit Unions Credit Unions Banks Financial Institution 59

Consumer Finance

FEBRUARY 15, 2024

The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.

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Credit Unions Credit Unions Banks Financial services 138

Nerd Wallet

SEPTEMBER 18, 2020

NerdWallet’s experts have reviewed and rated dozens of banks and credit unions to help you find those with the best accounts, branch and ATM availability, customer service and more. The article Bank and Credit Union Reviews from NerdWallet’s Experts originally appeared on NerdWallet.

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Credit Unions Credit Unions Banks Financial Institution 54

Collection Industry News

JUNE 27, 2023

Banks and credit unions rarely see eye-to-eye, so it was no surprise when Dan Berger, president and CEO of the National Association of Federally-Insured Credit Unions, called out “greedy” bank executives responsible for recent bank failures. LONG BEACH, Calif.

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Credit Unions Credit Unions Banks Financial Institution 40

Fico Collections

NOVEMBER 20, 2020

According to research from Equifax, the 2008 recession had an unexpected and interesting effect on credit unions. While market volume was down across the board in auto loan and bank card originations: Credit unions increased their market share by about 15% in auto loan origination. said the long manual process.

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Credit Unions Credit Unions Banks Acquisition 52

Collection Industry News

JUNE 5, 2022

The Consumer Financial Protection Bureau (CFPB)’s decision to establish supervisory powers over nonbank financial institutions will level the playing field and subject those companies to much-needed scrutiny, credit union trade groups informed the agency Tuesday. Response From Credit Union Trade Groups.

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Credit Unions Credit Unions Trade Financial Institution 75

Fico Collections

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? by Darryl Knopp.

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Credit Unions Credit Unions Banks Financial Institution 52

Troutman Sanders

SEPTEMBER 25, 2023

On August 1, the two major national credit union trade associations — the National Association of Federal Credit Unions (NAFCU) and the Credit Union National Association (CUNA) — announced plans to merge and create a new organization called America’s Credit Unions.

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Credit Unions Credit Unions Trade Banks 52

Jimerson Firm

JANUARY 31, 2023

Banks and credit unions should not only routinely require, but also closely scrutinize, criminal background checks during the hiring process in order to maintain compliance with applicable regulatory schemes. The SBA regulations will apply to both banks and credit unions that process SBA loans. 4), Fla.

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Credit Unions Credit Unions Banks Financial Institution 52

Nerd Wallet

APRIL 5, 2021

A credit union can be a good choice for a business account if there are locations near you and you can qualify to join. These nonprofit, membership-based financial institutions often get high marks for customer satisfaction compared with banks. Ryan Lane writes for NerdWallet. Ryan Lane writes for NerdWallet.

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Credit Unions Credit Unions Financial Institution Banks 71

Consumer Finance

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about their own accounts.

Banks 129

Banks Credit Unions Credit Unions Financial services 129

Troutman Sanders

NOVEMBER 2, 2023

As discussed here , on August 1, the two major national credit union trade associations — the National Association of Federal Credit Unions (NAFCU) and the Credit Union National Association (CUNA) — announced plans to merge and create a new organization called America’s Credit Unions.

Credit Unions 52

Credit Unions Credit Unions Trade Banks 52

Nerd Wallet

MARCH 9, 2021

See a summary of our picks for best online banks Best Online Banks of 2021 Synchrony Bank Varo Chime Alliant Credit Union Marcus by Goldman Sachs Ally Bank Discover Bank Nationwide TAB Bank GoBank UFB Direct Radius Online banks and banking service providers offer desktop and mobile banking services without physical branches.

Banks 119

Banks Credit Unions Credit Unions 119

Fico Collections

JULY 9, 2021

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. For many of these smaller players a partnership approach can be beneficial by leveraging resources and solutions made available through a technology partner.

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Credit Unions Credit Unions Acquisition Banks 52

Troutman Sanders

AUGUST 15, 2023

This filing comes just three days after CUNA and the National Association of Federally-Insured Credit Unions (NAFCU) sent a joint letter to the CFPB urging it to stay enforcement and implementation of the Final Rule for all covered financial institutions until after the U.S. CFPB (discussed here ).

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Credit Unions Credit Unions Trade Financial Institution 52

Troutman Sanders

AUGUST 11, 2022

Please join Consumer Financial Services Partner Chris Willis and his guests and colleagues James Stevens and Carlin McCrory as they discuss the consumer protection and safety and soundness sides of credit union regulation. Transcript: Consumer Protection and Safety and Soundness Perspective of Credit Union Regulation (PDF).

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Credit Unions Credit Unions Acquisition Financial Institution 52

Collection Industry News

FEBRUARY 14, 2022

LUBBOCK, Texas (KCBD) – The grand opening for Capital Federal Credit Union is scheduled to happen at 3 p.m. They wanted to pay their employees directly into their bank accounts. They said many of their more than 130 employees – many Hispanic – didn’t have bank accounts. Credit unions create fields of membership. “My

Credit Unions 52

Credit Unions Credit Unions Financial Institution Banks 52

Troutman Sanders

AUGUST 9, 2023

As discussed here , on July 31, a federal district court in the Southern District of Texas issued an order enjoining the CFPB from implementing and enforcing the Final Rule against three plaintiffs — Texas Bankers Association, the American Bankers Association, and Rio Bank, McAllen, Texas and their members.

Credit Unions 52

Credit Unions Credit Unions Trade Financial Institution 52

Nerd Wallet

SEPTEMBER 14, 2020

Editor’s note, March 23, 2020: Many banks and credit unions are temporarily waiving ATM fees in response to widespread financial distress caused by the coronavirus situation. To find out if your bank or credit union is one of them, call its customer service line. Spencer Tierney is a writer at NerdWallet.

Banks 105

Banks Credit Unions Credit Unions 105

Account Recovery

FEBRUARY 20, 2024

Three days after the Consumer Financial Protection Bureau released a report indicating that large banks are offering higher credit card interest rates to consumers than smaller banks and credit unions, one of the nation’s largest credit card issues — Capital One — announced it was buying another of the nation’s largest issuers (..)

Credit Unions 147

Credit Unions Credit Unions Banks 147

Account Recovery

OCTOBER 15, 2024

According to a PYMNTS Intelligence report, 79% of these younger users rely on algorithm-curated advice, marking a significant departure from traditional sources like banks or financial advisors. What’s next: In response, banks and credit unions are reimagining their roles, shifting toward more personalized financial guidance.

Credit Unions 130

Credit Unions Credit Unions Retail Banks 130

Nerd Wallet

SEPTEMBER 11, 2020

Editor’s note, March 23, 2020: Many banks and credit unions are temporarily waiving overdraft fees in response to widespread financial distress caused by the coronavirus situation. To find out if your bank or credit union is one of them, call its customer service line. Email: spencer.tierney@nerdwallet.com.

Banks 108

Banks Credit Unions Credit Unions 108

Nerd Wallet

NOVEMBER 3, 2022

After a Fed rate increase, banks and credit unions tend to raise rates on. The article What the November Fed Rate Increase Means for Your Bank Accounts originally appeared on NerdWallet. The Federal Reserve raised the federal funds rate by three-quarters of a percentage point, or 0.75%, on Nov. Twitter: @SpencerNerd.

Banks 102

Banks Credit Unions Credit Unions 102

Account Recovery

DECEMBER 2, 2024

The big picture: The financial services industry, including banks, credit unions, fintechs, and debt collectors, increasingly relies on AI for various functions, from assessing creditworthiness to customer service automation. With such reliance comes the responsibility to ensure AI is used ethically and transparently.

Financial services 130

Financial services Credit Unions Credit Unions Creditworthiness 130

Consumer Finance

SEPTEMBER 16, 2024

Over the past decade, we have seen a significant incursion into consumer deposit taking and payments activities by companies that aren’t banks or credit unions. These firms want the public benefits of being a bank or credit union, without the public obligations.

Credit Unions 77

Credit Unions Credit Unions Banks 77

Fico Collections

OCTOBER 26, 2021

5 Ways Credit Unions Can Be More Resilient with AI and Analytics. Credit unions are sitting on a lot of risk right now. This COVID pandemic aftershock is about to hit the financial services industry, which means that credit unions need to pay close attention to their capital, asset quality, earnings, and liquidity.

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Credit Unions Credit Unions Financial Institution Banks 52

Consumer Finance

JUNE 14, 2022

The Consumer Financial Protection Bureau (CFPB) is seeking public input on how bank customers can assert their rights to better customer service with big banks. A 2010 federal law specifies that consumers have rights to obtain timely responses to requests for information about their accounts from large depository institutions.

Banks 76

Banks Credit Unions Credit Unions 76