When it comes to digital engagement, there’s a lot at stake for credit unions. As detailed in “How Credit Union Innovation Can Drive Gen Z Engagement,” a PYMNTS Intelligence report created in collaboration with Velera (formerly PSCU/Co-op Solutions), a growing percentage of Gen Z consumers are transitioning into higher-paying jobs and more rewarding career paths, meaning they will likely soon be spending more on big-ticket purchases, including automobiles and homes.
On August 26, 2024, Chief Judge Randy Crane in the E.D. Texas granted summary judgment to the CFPB, denied summary judgment to the trade groups and upheld the CFPB’s 1071 Rule (small business loan data collection rule).
The Federal Communications Commission today announced the opening of the application window for the Schools and Libraries Cybersecurity Pilot Program. During the 45-day application filing window, which will run from September 17,2024 to November 1, 2024, eligible schools and libraries can apply to participate in the three-year,$200 million pilot program. P
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would strengthen recordkeeping for bank deposits received from third party, non-bank companies accepting those deposits on behalf of consumers and businesses. The proposal seeks to address risks related to these third-party arrangements, protect depositors, and promote public confidence in insured deposits.
The Office of the Comptroller of the Currency (OCC) has issued a final rule related to its regulations for business combinations involving national banks and federal savings associations in 12 CFR 5.33. The agency also added as an appendix to 12 CFR 5, subpart C, a policy statement titled “Policy Statement Regarding Statutory Factors Under the Bank Merger Act” that summarizes the principles the OCC uses when it reviews proposed bank merger transactions under the Bank Merger Act (BMA).
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