NEWPORT NEWS Va.–Tre’quan Smith has pleaded guilty in U.S. District Court here to leading a fraud scheme that duped sailors in the U.S. Navy through online dating apps and cost 25 Navy Federal Credit Union members more than $363,000.
Fresh Today
WASHINGTON – The Federal Deposit Insurance Corporation is now soliciting comments related to bank mergers, including between an insured depository institution and a noninsured institution.
BOSTON–Younger consumers have a stronger preference for national banks than for credit unions, according to a new survey. But there is also a bright spot.
WASHINGTON–The national midterm elections are still eight months away, but the credit union trade groups are already looking ahead.
WASHINGTON–It’s once again come down to a conference committee and backroom deals to decide what becomes of the credit union SAFE Banking Act, which would remove many of the federal prohibitions on financial institutions serving cannabis-related businesses.
WASHINGTON–Credit unions and the financial community in general are starting to get a better idea of where the CFPB’s future focus will lie, including the potential for increased regulatory burden.
WASHINGTON–It’s going to be a busy week in Congress when it comes to various hearings, with one credit union CEO set to testify at one such hearing.
WASHINGTON – More than 75 consumer, housing, civil rights, legal services, faith, community, small business, student borrower, and public interest organizations have submitted a joint comment letter to the Consumer Financial Protection Bureau (CFPB) concerning buy now, pay later (BNPL) credit products.
WASHINGTON—Concerned over risks related to buy now, pay later (BNPL) products, NAFCU and CUNA have each sent a letter to the CFPB in response to the Bureau’s request for comment (RFC) regarding the fast-growing offerings.
ONTARIO, Calif.–The California Credit Union League is calling on its member CU to oppose Senate Bill 1176, the California Community Reinvestment Act (CRA).