House passes SAFE Banking Act with unanimous support from NY lawmakers

Capitol building in Washington

Just one day after New York credit union professionals were on Capitol Hill advocating for its passage, the U.S. House passed the Secure and Fair Enforcement Banking Act, commonly referred to as the SAFE Banking Act. The legislation was passed yesterday in bipartisan fashion, with every House member from New York voting in the affirmative.

Continue reading “House passes SAFE Banking Act with unanimous support from NY lawmakers” →

CFPB, FTC to host December workshop on accuracy in consumer reporting

cfpb-logoThe CFPB and Federal Trade Commission will host a public workshop on Tuesday, Dec. 10, to discuss issues affecting the accuracy of both traditional credit reports, and employment and tenant background screening reports. The workshop will be held at the FTC’s Constitution Center building, located at 400 7th St. SW in Washington, D.C.

Continue reading “CFPB, FTC to host December workshop on accuracy in consumer reporting” →

New CFPB report explores relationship between financial well-being and credit reports

cfpb-logoThe CFPB released a new report and study that explores the relationship between subjective financial well-being and objective credit report characteristics and consumers’ engagement with financial information through educational tools.

Continue reading “New CFPB report explores relationship between financial well-being and credit reports” →