DOVER, N.J.– Picatinny FCU has named a new president and CEO to lead the organization effective on Feb. 1, 2022.
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WASHINGTON—Five companies within the rapidly growing buy now, pay later (BNPL) market are under scrutiny from the Consumer Financial Protection Bureau.
SHREVEPORT, La. – Helen Godfrey-Smith, 72, the former CEO of Shreveport FCU who was well-known in credit unions, especially for her work with the African-American Credit Union Coalition and in Africa, has pleaded guilty to charges related to making and using a false document while she was leading the credit union.
BIRMINGHAM, Ala. – The League of Southeastern Credit Unions said it will be reinvesting more than $1 million into programs that are “paramount to credit unions’ future success and the communities they serve.”
WASHINGTON–The National Consumer Law Center has sent a letter of support to the Consumer Financial Protection Bureau following its policy brief, Assisting Consumers with Rental Debt During COVID-19: Legal Aid and Non-Profit Attorneys Share Their Experiences, and is urging CFPB Director Rohit Chopra to take action to prevent rental debt from becoming a barrier to decent housing, particularly for low-income renters and people of color.
ALEXANDRIA, Va.—Federally insured credit unions have until Jan. 15, 1922, to complete the Voluntary Credit Union Diversity Self-Assessment.
WASHINGTON—The U.S. Securities and Exchange Commission (SEC) announced its enforcement action results for fiscal year 2021, which ended on Sept. 30, reporting it filed a total of 697 enforcement actions (including both federal district court actions and follow-on administrative proceedings). That figure was a 3% decrease from fiscal year 2020.
ALEXANDRIA, Va.–Federal credit unions that meet certain criteria can now purchase mortgage servicing assets (MSAs) following the elimination of a prohibition on such purchases by the NCUA board.
ALEXANDRIA, Va.–Federal credit unions will pay a lower operating fee in 2022 as the result of funds left over from 2021 and the elimination of plans to hire more than 40 people next year, according to NCUA.
ALEXANDRIA, Va.–The NCUA board has approved a rule designed to help credit unions that are using new ECIP funds for secondary capital.