Remove Consumer Financial Protection Bureau (CFPB) Remove Credit Union Remove NCUA
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CFPB Slaps VyStar Credit Union With $1.5million Fine After Failed Rollout ‘Left Customers Stranded’

The Fintech Times

US government agency, the Consumer Financial Protection Bureau (CFPB) has fined Florida-headquartered VyStar Credit Union $1.5million for failing to protect consumers during its ‘botched’ rollout of a new online banking system. Harper, chairman at NCUA.

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CUs, Bank Trade Groups Clash Over CFPB Regs

PYMNTS

Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). The letter added that more than 300 CUs hold assets of $1 billion or more, and, in total, are larger than 88 percent of U.S.

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Proposed Bill Would Reform Bank Exam Processes

Global Fintech & Digital Assets

Key Provisions The FAIR Exams Act would amend the Federal Financial Institutions Examination Council Act of 1978 in three primary ways: 1. 2] Banking as a Service (BaaS) is a model that enables fintechs and other non-bank businesses to connect with banks’ systems via application programming interfaces (APIs), allowing them to inte

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