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CFPB hearing focuses on debt collection for now

CFPB unveiled a proposed rule on debt collection yesterday at the Consumer Financial Protection Bureau (CFPB) field hearing in Sacramento, CA. The 117-page proposal, released a day early, impacts collection agencies, debt buyers, collection law firms, and loan servicers. At this time, credit unions were not impacted by this proposal. The agency said it plans […]

Gov. Bentley to call Special Session on statewide lottery

Alabama Gov. Robert Bentley announced Wednesday that he will be calling a Special Session of the Alabama Legislature to consider a proposal for a lottery in order to fund state government. Many have speculated that a special session would be called this year to address Medicaid funding shortfalls in the General Fund Budget passed by […]

CFPB extends comment deadline for payday and small-dollar loan proposal

The Consumer Financial Protection Bureau (CFPB) has extended the comment deadline for its payday and small-dollar loan proposal to Oct. 7. CUNA has also moved back its deadline for accepting comments from credit union stakeholders; comments can now be sent to CUNA through Sept. 19. The proposal’s overly broad scope sweeps in products and services […]

Insights into traditional bill pay vs. picture bill pay

New studies offer insight into traditional bill pay vs. picture bill pay across devices and consumer behavior. The data released by Malauzai Software, as part of its monthly Monkey Insights, highlights key trends in internet and mobile banking usage based on April 2016 data for more than 360 banks and credit unions, covering seven million […]

Florida home sales slow down after boom but steady

Home sales have dropped every month so far in 2016, but real estate agents say the market was bound to slow slightly after record-setting numbers in 2014 and 2015. Single-family sales in June, which reflect contracts signed one to two months earlier, were the highest for a month so far in 2016. Florida’s housing market […]

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