BALANCE Merges with Bakersfield Credit Counseling Service

Two long-time credit counseling services in California have merged operations from the Bay area to Bakersfield. BALANCE, based in Concord, Calif., announced Feb. 1 that it has completed a merger with Consumer Credit Counseling Service of Kern and Tulare Counties...

Dodd-Frank Rollback Gets Rolling

The House Financial Services Committee will zero in this Congress on Dodd-Frank Act implementation, with a likely rollback of the law with the reintroduction soon of Rep. Jeb Hensarling’s Financial Choice Act, but hurdles remain in the Senate.  Hensarling,...

Hensarling to Trump: Fire Cordray Now

House Financial Services Chairman Jeb Hensarling (R-Texas) Tuesday called on President Trump to fire CFPB Director Richard Cordray as soon as possible. “Personnel is policy,” Hensarling said in an interview on Fox Business. He said he believes Trump has...

CMFG Ventures Invests in Anti-Fraud Startup

CUNA Mutual Group said Wednesday it has invested in a Chicago-based financial anti-fraud technology startup, participating in Rippleshot, Inc.’s $2.6 million Seed 2 round. KDWC Ventures was the lead investor in the funding for Rippleshot, which provides...

SECU Reaffiliates with Carolinas League

After disaffiliating from the Carolinas Credit Union League nearly three years ago, the board of directors of the $30 billion State Employees’ Credit Union in Raleigh, N.C., said Tuesday it voted to rejoin the Carolinas league. This follows SECU’s decision...