LEOMINSTER, Mass.–Leominster Credit Union has named a successor to President/CEO John O’Brien, who plans to retire on Nov. 30.
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HOUSTON—eCU Technology is reporting credit unions using its ORIGENS Suite experienced a significant increase in completed applications submitted through the mobile channel over the summer.
LOS ANGELES–The World Young Credit Union Professionals said it will host a WYCUP Virtual Celebration on Oct. 13.
PHILADELPHIA–Former NCUA Chairman Debbie Matz has been named to the Board of Advisors at RenoFi, which provides a platform for financial institutions to offer borrowers renovation loans based on what it calls the home’s After Renovation Value.
TYSONS, Va.– The PenFed Foundation, along with more than 75 community and business leaders, raised more than $585,000 to support veterans and the military community at its 17th annual Military Heroes Golf Classic.
WASHINGTON—A Rhode Island company and its owner will be permanently prohibited from misrepresenting they are affiliated with the U.S. Small Business Administration (SBA) as part of a settlement resolving Federal Trade Commission charges the company misled consumers in the early days of the coronavirus pandemic, the FTC reported.
FOND DU LAC, Wis.–Financial institutions have massive amounts of data about their customers/members, markets, products and services, but finding the most efficient way to access and use that data effectively continues to be a challenge.
WASHINGTON—During a House Financial Services Committee Financial Technology Task Force hearing, several witnesses expressed concerns over the actions taken by the Office of the Comptroller of the Currency (OCC) in regard to fintech charters and the Federal Deposit Insurance Corporation in regard to industrial loan company (ILC) charters.
SAN FRANCISCO – Another new survey has found nearly half (45%) of all consumers polled say they will use more online services post-pandemic than they did before it started, but also say their ‘tolerance is thin’ when it comes to certain hurdles.
WASHINGTON—The Treasury Department said it plans to begin forgiving loans granted to small-business owners under the Paycheck Protection Program later this week or early next week, following complaints from both financial institutions and borrowers that the process has become bogged down.