ALTADENA, Calif.–One credit union has announced a new CEO, while another long-time leader has announced plans to step down.
Fresh Today
WASHINGTON–A new report from the Small Business Administration’s Office of Inspector General (OIG) found the SBA did not have an organizational structure with clearly defined roles, responsibilities, and processes to manage and handle potentially fraudulent Paycheck Protection Program (PPP) loans across the program.
COLUMBUS, Ohio–Telhio Credit Union said it has expanded its charter to Champaign, Clark, Greene, Marion, Miami, Montgomery, Morrow, and Richland counties in Ohio.
WASHINGTON—In follow-up to the CFPB’s announcementit will begin exercising supervisory authority over fintechs under what to date has been largely unused legal provision of the Dodd-Frank Act to examine nonbank financial entities and risks to consumers, NAFCU has offered its feedback in a new letter.
WASHINGTON—House Financial Services Committee Chairwoman Maxine Waters (D-CA) has announced the committee’s June schedule.
RALEIGH, N.C. – Coastal Credit Union has expanded its partnership with Co-op Solutions, adding Co-op Digital Card Issuance for debit and credit cards as part of an emphasis on digital-first for enhanced member experiences, according to the company.
WASHINGTON–One senator is calling on the president and CEO of Wells Fargo to fix the big bank’s problems once and for all.
SALT LAKE CITY—Utah Governor Spencer Cox has approved a bill paving the way for the creation of a blockchain and digital innovation taskforce in the state.
WASHINGTON—The Federal Trade Commission has taken action against Financial Education Services and its owners, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as a number of related companies, for scamming consumers out of more than $213 million.
WASHINGTON—Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2% this year to reach $630 billion.