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May

2
2024
Industry News

Fifth Circuit directs Texas federal court to rule by May 10 on plaintiffs’ preliminary injunction motion in lawsuit challenging CFPB credit card late fee final rule

A surprising development took place yesterday in the lawsuit challenging the CFPB’s final credit card late fee rule (Rule). The Fifth Circuit entered an order vacating the district court’s order denying the plaintiffs’ motion for expedited consideration of their preliminary injunction motion and remanding the case to the district court with instructions to rule on the plaintiffs’ preliminary injunction motion by May 10, 2024. The Rule becomes effective on May 14, 2024.

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May

2
2024
Industry News

Navy Federal Credit Union Honors Servicemembers and Military Families Who Go Above and Beyond for Military Appreciation Month

VIENNA, Va.--(BUSINESS WIRE)--Navy Federal Credit Union is launching celebratory activities and member deals to honor Active Duty servicemembers, Veterans and their families for Military Appreciation Month. During the month of May and year-round, members can enjoy exclusive offers such as:

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May

2
2024
Industry News

A third of Americans could have had data stolen in big health care hack

CNN - A third of Americans may have had their personal data swept up in a February ransomware attack on a UnitedHealth Group subsidiary that disrupted pharmacies across the US, UnitedHealth CEO Andrew Witty estimated in testimony to Congress on Wednesday.

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May

2
2024
Industry News

ALLIANT CREDIT UNION RECOGNIZED WITH DOUBLE GOLD STATUS AT THE 2024 AMERICAN BUSINESS AWARDS

CHICAGO, May 2, 2024 /PRNewswire/ -- Alliant Credit Union, a leader in digital banking and one of the largest credit unions in the nation, received Gold Status Stevie Awards at the 2024 American Business Awards. Alliant earned top honors in two categories, Company of the Year – Banking and Mobile App – Financial Services/Banking.

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May

2
2024
Industry News

More competition and less complexity: How the CFPB is working to lower prices in the credit card market

Consumers are faced with making complex decisions around pricing across a multitude of markets. Americans see this as they look to plan summer trips. From flights to rental cars to amusement park tickets, it can feel like there's too much fine print and too many junk fees not included in the upfront price. Some argue that a wide array of pricing options gives consumers more choice, but recent research from the CFPB suggests that complex pricing leads consumers to fare worse and pay higher prices.

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