Thursday, December 18, 2014
The Consumer Financial Protection Bureau's lawsuit against Sprint Corp. is likely to be a test case for whether it has the power to oversee telecommunications firms.
LANSING, Mich. — Six men have been arrested in connection with a string of credit union robberies here, and police are seeking information on a seventh person who may have been involved.
President Obama's surprise decision to restore economic ties with Cuba will reverberate throughout the U.S. financial services industry, as Cuban-Americans send more money to their relatives back home and American companies start to conduct more business in the island nation.
PALM SPRINGS, Calif. — NCUA had a perfect track record when it came to data breaches — until now.
WASHINGTON — A top White House adviser said President Obama will not allow any further amendments to be made to the Dodd-Frank Act through spending packages.
ALBANY, N.Y. — Gov. Andrew Cuomo signed into law legislation allowing state-chartered credit unions to combine select employer groups, associational and community groups into a single field of membership at the same time, according to the New York Credit Union Association (NYCUA).
MADISON, Wis.—CUNA has named Jill Tomalin deputy chief of staff. In her newly created role, Tomalin will be responsible for advising CUNA's president and overseeing the association's operations.
ALEXANDRIA, Va. — NCUA is encouraging low-income credit unions to apply for the agency's latest round of technical assistance grants.
WASHINGTON — Tracie Kenyon has been named chairman of the American Association of Credit Union Leagues (AACUL), succeeding Wendell Lyons, who stepped down from the post on Monday. Kenyon formerly served as AACUL's vice chairman.
Small banks and credit unions are looking to a lab hosted by NCR's Digital Insight to try out new tech like biometrics and beacons in an effort to keep up with their larger competitors.
ALEXANDRIA, Va. — NCUA said it has filed suit in federal court against U.S. Bank N.A. and Bank of America N.A., alleging these institutions violated state and federal laws by failing to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts.
COLUMBIA, S.C. — A campaign to boost usage of e-services not only hit the mark with clever marketing, but taught organizers some lessons about digital outreach.
Eight months into the Non-Prime Auto Lending (NPAL) pilot, none of the participating credit unions has had to write off a single loan, according to the program's consultant.
More than two dozen Senate lawmakers signed a letter this week urging the Federal Housing Finance Agency to drop its proposal to tighten Federal Home Loan Bank membership rules.
Northern Data Systems, an owner and distributor of the Sharetec Core Processing System, said it has converted three Massachusetts CUs to the platform.
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