WASHINGTON—NAFCU has shared concerns about the effects of the current expected credit loss (CECL) standard on credit unions in a letter sent to the House Financial Services Committee's Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets.
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Crime Blotter: Bogus Deposit Ring Busted; Ex-Teller Sentenced; Former Fannie Mae Exec Headed to Jail
DAVENPORT, Iowa––A crime ring that made bogus deposits has been busted in Iowa, a former teller has been sentenced to prison for embezzlement, and a former Fannie Mae employee who used duffel bags full of cash as part of a multi-million-dollar fraud and kickback scheme is also on her way to jail.
ST. LUCIE, Fla.–The spring training home of the New York Mets and regular-season home of the St. Lucie Mets, New York’s Advanced-A minor league affiliate, will have a new name as Spring training gets underway this year.
RALEIGH, N.C./COLUMBIA, S.C.–The Carolinas Credit Union League has launched a new coaching program, TalentGuided.
WASHINGTON—What are the new Individual Retirement Account requirements resulting from the passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act?
WASHINGTON–Credit Union Student Choice, a provider of higher education financing solutions, said it has made a “significant investment” into its relationship with Edmit, an emerging college advising company.
OGDEN, Utah ––Two credit unions have announced expanded relationships with professional sports teams.
MADISON, Wis.–Turks and Caicos Islands Government has joined the World Council of Credit Unions as an associate member in order to initiate the development and introduction of credit unions to its citizens.
WASHINGTON—What were the CFPB's top enforcement actions and examination findings for 2016 and 2017 related to the Truth in Lending Act (TILA), Electronic Fund Transfer Act (EFTA), and Credit Card Accountability Responsibility and Disclosure Act (Credit CARD Act)?
SAN FRANCISCO—Stripe has launched its own corporate credit card.