WASHINGTON—NAFCU and CUNA and several other trade associations have sent ajoint letter to CFPB Director Rohit Chopra in response to the two reports issued by the Bureau last month regarding the amount of overdraft and non-sufficient fees (NSF) received by credit unions and banks.
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WASHINGTON—With a new director nominated to lead the Federal Housing Finance Agency, CUNA is offering a number of recommendations on which it said it is hopeful the FHFA will act.
AURORA, Colo., The District Credit Union, formerly Aurora Schools FCU, has named a new president and CEO.
WILMINGTON, Del.–Navient, which was once one of the largest student loan servicing companies in the U.S., has reached a $1.85 billion deal with 39 states to settle claims it had made predatory loans that resulted in borrowers overwhelmed by crushing debts they were highly unlikely to repay.
MADISON, Wis.—CUES has announced that its CUES Emerge, a program for emerging leaders, is now accepting applications for the 2022 cohort.
NEW BRUNSWICK, N.J. – B-M S Federal Credit Union has introduced a new website.
WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) have announced a Tech Sprint they said is aimed at developing solutions for financial institutions and regulators to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person.
WASHINGTON–Entities that include a bogus credit union and a bogus bank and that are purporting to offer banking services in Florida are targeting consumers as part of a scam, according to an alert from the Comptroller of the Currency (OCC).
LANSING, Mich.— Michigan’s credit unions are reporting the emergence of new COVID-19 variants have not slowed their growth.
NEW YORK—Consumers’ reasons for seeking out buy now, pay later (BNPL) plans for recent holiday purchases varied, a new study reveals.