PYMNTS

JULY 1, 2020

Credit unions (CUs) have long relied on personalized banking approaches and trust to retain their members, but those that cannot meet all of their members’ needs are at serious risk of losing them to other financial institutions (FIs). billion in assets, more than 343,000 members, 33 branches and four back-office service centers.

Credit Union 86

Credit Union Innovation Addressing Service Center 86

PYMNTS

DECEMBER 16, 2020

Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.

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Credit Cards Technology Credit Union Service Organization Credit Union 61

PYMNTS

OCTOBER 6, 2017

With each renewed loan, the consumer pays more fees or interest on the same debt. Payday lending is often associated with extremely low-income borrowers, but that is a misconception: Low-income, unbanked consumers don’t take out payday loans for the simple reason that most of them can’t. The consequences are severe.”.

CFPB 51

CFPB Regs Rules Credit Union 51

PYMNTS

OCTOBER 6, 2017

With each renewed loan, the consumer pays more fees or interest on the same debt. Consumers and lenders can avoid the more complicated underwriting rules if the loan is less than $500 – and if it is restructured as an installment loan to get out of debt more gradually, such as allowing for payments to go directly to principal.

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Rules CFPB Credit Union Regulations 40

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. The CFPB’s misguided rule will only serve to cut off their access to vital credit when they need it the most. “As million comments submitted.

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Rules CFPB NCUA Credit Union 43