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As the pace of new government regulations continues unabated, an increasing number of CUs are looking to outsource their compliance operations to third-party vendors to cut costs, paperwork and man-hours. Here's what to consider.
August 4 -
Court rulings in the past year are sending conflicting messages about whether a debtor's account number visible on a debt collection envelope violates the Fair Debt Collection Practices Act.
August 4 -
UGO Mobile Solutions LP, a mobile-wallet smartphone app backed by two Canadian banks, has signed up 50,000 users since December as Apple Pay becomes available in countries outside of the U.S.
August 4 -
A three-year investigation by the Idaho Attorney Generals office into allegations that executives with a hospital misused charitable assets has ended after the two sides reached an agreement.
August 4 -
MutualFirst Financial in Muncie, Ind., which is under pressure from an activist investor to sell itself, has agreed to buy the trust business of First Bank of Berne in Indiana.
August 4 -
Some 12 million Americans buy used cars through informal channels each year and Lending Club says those consumers are underserved by traditional auto lenders.
August 4
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It's been nearly a century since reformers and lenders agreed on 36% as a small-dollar loan ceiling. Inflation has since swelled production costs, and lending under this cap is no longer profitable. The result: fewer options for consumers.
August 4
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Lakeland Bancorp in Oak Ridge, N.J., has agreed to buy Pascack Bancorp in Waldwick, N.J.
August 4 - PH
To Catch a Money Launderer; Promontory vs. New York Regulators
August 4 -
Altura Credit Union on Monday said it has completed the merger of Visterra Credit Union, creating a $1.15 billion CU.
August 4
