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From our family to yours, we wish a happy, fun-filled, and safe Fourth of July! Please note that the League InfoSight and CU Solutions Group offices will be closed on Monday, July 4, in observance of the holiday.
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We are happy to announce that a new topic to assist credit unions, Safe Deposit Boxes, has been added to the Accounts Channel in InfoSight.
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The CFPB has issued a Final Rule amending Regulation V, which implements the Fair Credit Reporting Act, to address recent legislation that assists consumers who are victims of trafficking.
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Scammers are using the names of well-known employers to post job openings that don’t exist. The purpose is to trick consumers into sending them personal information or money up front to get the job.
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The CFPB announced that it is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees.
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The Consumer Financial Protection Bureau is working to identify and address the financial needs of immigrants and their families.
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The Cornerstone League and Heartland Credit Union Association are exploring the possibility of a merger. Both league boards approved moving forward with the due diligence process, and a letter of intent has been signed by both organizations.
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Question: How are soft credit pulls supposed to work?
Answer: A “soft pull” or pre-screening request is when a creditor wishes to know if a certain category of consumers may meet the requirements for a certain credit product.
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With CU PolicyPro, credit unions have a comprehensive suite of features to create, maintain, and distribute policies.
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FRBservices has reported U.S. consumers are seeking faster payments in more areas of their increasingly on-demand lives, with four out of five saying they are interested in faster options to pay businesses, according to a survey released recently by the Federal Reserve Banks.