American Credit News

In the automotive and wholesale industry, managing inventory risk is a critical task for lenders who need to protect their collateral while supporting dealer operations.

San Francisco, CA (November 12, 2024) – The American Fintech Council (AFC) has announced the inclusion of Unit21 as its newest member.

Newly released data from Bank of America suggests that the art market is presenting favorable buying opportunities for collectors this fall.

Chase has announced the opening dates for its new airport lounges under the Chase Sapphire Lounge by The Club network.

The Bank Policy Institute (BPI) has appointed Michael Coyne as Senior Fellow and Strategic Litigation Advisor.

SoFi has announced the launch of a new robo-advisor platform, expanding its automated investment offerings.

Electronic Payments Coalition Executive Chairman Richard Hunt has criticized Senate Judiciary Chairman Dick Durbin for holding a hearing he describes as politically motivated.

Last week, the American Financial Services Association's (AFSA) State Government Affairs released its November white paper focusing on reverse mortgages and the impact of legislation and regulations on consumers.

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released a statement regarding the acquisition of a tax-paying bank by a tax-exempt credit union.

The American Financial Services Association (AFSA) closely monitored the legislative elections held across 44 states during the recent general election.

Navy Federal Credit Union has reached an agreement with the Consumer Financial Protection Bureau (CFPB) regarding overdraft fees on personal checking accounts.

Votes are still being counted in some House of Representatives races, but the Senate and Presidential elections have been decided in favor of the Republicans.

The American Fintech Council (AFC) has announced the inclusion of Affinity as its latest member.

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released a statement regarding the 2024 elections.

The American Fintech Council (AFC) has issued a statement following the 2024 election results, extending congratulations to President-Elect Trump and the newly elected members of Congress.

The Treasury Department recently published its Financial Inclusion Report, prompting a response from the American Financial Services Association (AFSA).

Hudson Cook, LLP is recognized as the featured business partner for November.

This week marks the 50th anniversary of the Equal Credit Opportunity Act (ECOA), a significant law that changed financial access for women in the United States by banning discrimination in lending practices.

On Oct. 29, U.S. Representatives Andy Barr (R-KY-06) and Vicente Gonzalez (D-TX-34) announced the introduction of the Civil Investigative Demand Reform Act of 2024, a bipartisan initiative aimed at reforming the Consumer Financial Protection Bureau’s (CFPB) process for issuing civil investigative demands (CIDs) to financial services providers. This legislation seeks to ensure that industry participants are afforded due process while maintaining oversight and consumer protections.

The Bank Policy Institute and The Clearing House Association have submitted a letter to the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.