SPOKANE, Wash.–Horizon Credit Union will be closing its branches at noon Pacific Time today so that its employees may participate in more than 20 “festive outdoor window parades” at senior care facilities.
WASHINGTON—The Financial Stability Oversight Council (FSOC) met to discuss its activity-based review of the secondary mortgage market and acknowledged the government-sponsored enterprises' (GSEs) activities, if not mitigated, pose a risk to the financial system.
MARGATE, Fla.–We Florida Financial Credit Union has named a new president and CEO.
ROCHESTER, N.Y.–Seventeen years after murdering a member inside a credit union branch, Richard Leon Wilbern has been sentenced to life in prison.
ST. PETERSBURG, Fla.—Credit card spending continued to rebound and the use of contactless plastic surged, according to the latest data from PSCU.
WASHINGTON–The average American believes people need approximately $10,000 to cover a financial emergencies, but more than half have just $3,000 or less in their combined checking and savings accounts, according to a new study from the CFPB.
SHELTON, Wash.–Peninsula Credit Union has been awarded a $900,000 grant from the Treasury Department’s CDFI fund that it plans to use on an affordable workforce housing initiative.
WASHINGTON—A coalition of 21 consumer, faith, and advocacy groups have sent a letter to CFPB Director Kathy Kraninger urging her to revoke the permission that the Bureau granted the credit reporting industry to violate the 30-day deadline imposed by the Fair Credit Reporting Act (FCRA) for investigating disputes.
SYDNEY, Australia—Westpac Banking Corp. has reached an agreement with the Australian Transaction Reports and Analysis Centre (Austrac) to settle the anti-money laundering and counter-terrorism financing allegations.
SAN DIEGO–A proposed class action lawsuit has been filed in U.S. federal court in Southern California against JPMorgan Chase Bank, alleging the bank has charged customers overdraft fees on debit transactions even though they didn’t actually overdraw their accounts.
