NEW YORK—Morgan Stanley has agreed to pay $60-million as fine to settle a lawsuit by its customers that alleged the investment bank had failed twice to correctly rescind some of its outdated information technology that exposed customers’ personal data.
Fresh Today
WAIMEA, Hawaii–Regulators at both the federal and state levels have shared their views on issues ranging from examinations to whether it’s a good idea to record exit interviews to the potential for regulatory or legislative action on overdrafts.
ARLINGTON, Va.—Add credit union executives to those showing growing interest in stablecoins.
ALEXANDRIA, Va.—NCUA has issued a Letter to Credit Unions (22-CU-02) outlining its supervisory priorities for 2022.
ALEXANDRIA, Va.—NCUA is sharing an update on its examination programs in its latest Letter to Credit Unions (22-CU-02).
BIRMINGHAM, Ala.–Joseph L. McGee, the long-time president and CEO of Legacy Community FCU has officially announced his retirement after spending nearly 45 years in the financial services industry.
WASHINGTON--CUNA has joined several financial trade groups to file an amicus brief in a Fair Debt Collection Practices Act (FDCPA) case that will be heard en banc by the 11th Circuit Court of Appeals.
TALLAHASSEE, Fla.–Members of FLAG Credit Union have approved a merger with Bay Credit Union. Effective April 1, 2022, FLAG will be known as FLAG Credit Union, a division of Bay Credit Union.
WASHINGTON–The Federal Trade Commission said it is returning more than $10 million to consumers who were charged undisclosed fees by online lender LendingClub.
JACKSONVILLE, Fla.–The $13-billion VyStar Credit Union has obtained Community Development Financial Institution (CDFI) certification and also qualified for grants from the U.S. Treasury Department.