Account Recovery

APRIL 18, 2024

Getting to Know Eddie Antoniewicz of Royal Credit Union Judge Dismisses FDCPA Suit Over Collection Disclaimer Pathward Bank to Pay $700k in Fines, Penalties For Seizing Funds Paid to Debt Collectors CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges WORTH NOTING: What you eat during the day can have an impact on how […] (..)

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Nexa Collect

DECEMBER 17, 2020

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Do credit unions really not have what young people want, or are they just not focusing their sales and marketing on what is actually a very natural fit?

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Credit Corp

APRIL 2, 2024

You can open an account with a traditional bank, set up an online bank account , or choose a neighborhood credit union. As you’re reviewing your options, you may see some claims that credit unions are better than banks. Why is a credit union better than a bank for some people? What Is a Credit Union?

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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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Nerd Wallet

FEBRUARY 1, 2021

banks and credit unions The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey. The article Black-Owned Banks and Credit Unions: Where to Find Them originally appeared on NerdWallet. Their mission includes closing the wealth gap in America.

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Account Recovery

NOVEMBER 4, 2024

A District Court judge in Pennsylvania has denied a credit union’s motion to dismiss a claim that it violated the FDCPA after the plaintiff was scammed out of nearly $5,000, ruling that the credit union could potentially be liable under the FDCPA because of its role in attempting to collect on a fraudulent debt.

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Account Recovery

NOVEMBER 8, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action with one of the nation’s largest credit unions for charging illegal overdraft fees that will see the institution pay $95 million in fines and restitution to members. Approximately $80.2 Learn more.

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Account Recovery

APRIL 18, 2024

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024.

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Nerd Wallet

DECEMBER 9, 2020

We scoped out some of the best banks and credit unions in California. The article 7 Best Banks and Credit Unions in California originally appeared on NerdWallet. California has no shortage of alternatives. We included online options with top interest rates to help. Alice Holbrook writes for NerdWallet.

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Nerd Wallet

MARCH 10, 2023

The article Ride Out Fed Rate Hikes at a Credit Union originally appeared on NerdWallet. Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena.

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Credit Corp

JUNE 3, 2020

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. In fact, credit unions accounted for 9% of all mortgage originations in 2017. Easier Approval. Lower Rates.

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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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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. Alice Holbrook writes for NerdWallet.

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Nerd Wallet

DECEMBER 9, 2020

See a summary of our picks Best Banks and Credit Unions in New York Chase Bank: Excellent. The article 7 Best Banks and Credit Unions in New York originally appeared on NerdWallet. Which is right for you? Here are seven of the best banks in New York. + Alice Holbrook writes for NerdWallet.

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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.

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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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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.

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Nerd Wallet

JUNE 21, 2022

With favorable rates, many funding options and strong customer support, a credit union can be a good choice for a business loan. Yet just 8% of small-business owners applied for financing at credit unions, according to a 2022 report from the Federal Reserve. For example, Tina Orem writes for NerdWallet.

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Nerd Wallet

FEBRUARY 14, 2022

This week’s episode starts with a discussion about credit unions. The article Smart Money Podcast: Credit Union Perks, and Getting Into the Housing Market originally appeared on NerdWallet. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. Liz Weston writes for NerdWallet.

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Prosperity Now

APRIL 19, 2021

The interviews with credit unions that informed this blog were made possible thanks to the support of Inclusiv whose mission

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Indiana Consumer Law Group

MARCH 24, 2022

Indiana Consumer Law Group announces the filing of a lawsuit against Financial Center First Credit Union, a credit union located in Indianapolis, Indiana. The lawsuit alleges that Financial Center First Credit Union repossessed our client’s car. The case is being brought as a class action.

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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. But be sure to compare credit union business accounts with those at the best banks for. The article 6 Best Credit Unions for Business Accounts in 2021 originally appeared on NerdWallet.

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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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Troutman Sanders

DECEMBER 17, 2021

The National Credit Union Administration (NCUA) — the federal regulator that oversees credit unions — announced that credit unions may partner with third-party digital asset service providers to give members access to cryptocurrencies and other digital assets.

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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. Spencer Tierney writes for NerdWallet.

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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. The article Best Banks and Credit Unions of 2020 originally appeared on NerdWallet. Top Overall Banks: Seven financial institutions earned excellent marks in both our.

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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.

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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. So the Lewises and a few others started a credit union. Harper, chairman of the National Credit Union Administration, which chartered the new credit union. Source- site.

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Nerd Wallet

DECEMBER 9, 2020

The article 6 Best Banks and Credit Unions for Mobile Banking originally appeared on NerdWallet. 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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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. NerdWallet is a writer at NerdWallet.

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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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Troutman Sanders

AUGUST 9, 2023

Given the effect of the [injunction order] on the overall distribution of compliance burdens across the financial sector, we ask that you consider broader relief.”

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Account Recovery

OCTOBER 31, 2024

The Supreme Court of New Mexico has ruled that employees of a credit union engaged in the unauthorized practice of law by filing collection lawsuits to recover unpaid debts.

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Consumer Finance

JANUARY 13, 2021

The Consumer Financial Protection Bureau and the National Credit Union Administration announced a Memorandum of Understanding agreement to improve coordination between the agencies related to the consumer protection supervision of credit unions over $10 billion dollars in assets.

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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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Collection Industry News

OCTOBER 18, 2021

AP) — Two credit unions, one based in Washington state and one in Alaska, said Thursday they are seeking regulatory approval of their intent to merge. The credit unions said in a news release that the merger would combine Anchorage, Alaska-based USA Federal Credit Union’s 700,000 members with Global Credit Union’s 45,000 members.

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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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