BUFFALO, N.Y.—Two men have been arrested for allegedly staging takeover robberies at credit unions in western New York during which more than $438,000 was stolen.
Fresh Today
WASHINGTON–A report released by Democrats on the House Financial Services Committee said deficiencies have been found in how federal regulators responded to a number of customer abuses committed by Wells Fargo.
WASHINGTON – The Federal Deposit Insurance Corporation is offering voluntary retirement and “early separation opportunities” to approximately 20% of its employees as part of a workforce realignment.
RANCHO CUCAMONGA, Calif.– Citing concerns related to the threat from the coronavirus, CO-OP Financial Services has rescheduled its THINK 20 conference, moving the even from early May to August 17-20.
WASHINGTON–In response to a report that found daytime alcohol consumption, trips to strip clubs and drug use by members of NCUA’s general counsel’s office, the CU trade groups have issued statements calling the allegations a sign of a need for more oversight.
ALEXANDRIA, Va.—Ahead of the expected release of a report by NCUA’s Office of Inspector General related to allegations of misconduct within the agency, NCUA Chairman Rodney Hood has issued a statement saying he is “surprised and disappointed” to learn of the allegations.
ALEXANDRIA, Va.–Federally insured credit unions during 2019 grew total assets by $113 billion (7.8%), loans by $64 billion (6.2%) and membership was up by 4.2 million, according to NCUA’s Quarterly Credit Union Data Summary for Q4 2019.
ARLINGTON, Va.—While the U.S. economy saw modest to moderate growth in recent weeks, the Federal Reserve's latest Beige Book data shows the coronavirus was starting to impact some industries, including travel, tourism, and manufacturing.
WASHINGTON—Senate Banking Committee Members Tim Scott (R-SC) and Catherine Cortez Masto (D-NV) have introduced legislation, the Expanding Access to Lending Options Act (S. 3389), that would give the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act.
IRVINE, Calif.–With a new mortgage platform not even a year in the market, CU Direct is preparing to roll out the same technology to two other lending channels as part of a solution it said credit unions will find “revolutionary.”