BRANDON, Fla.–A Brinks truck driver and a person called a Good Samaritan after running to the driver’s aid were shot by a suspected serial robber during a robbery at a branch of GTE Financial Credit Union here.
Fresh Today
ALEXANDRIA, Va.–Separate credit union mergers have been announced in Virginia and South Carolina.
WASHINGTON—The Federal Trade Commission has announced the panels for its workshop today, cohosted with the Consumer Financial Protection Bureau, to examine issues affecting the accuracy of traditional credit reports as well as employment and tenant background screening reports.
SCOTTSDALE, Ariz.–A new survey finds financial institutions and fintechs are “reasonably satisfied” with their overall relationships with each other, but there are aspects that each would like to see improved.
ALEXANDRIA, Va.—The NCUA board will consider a final risk-based capital rule, the agency’s 2020-21 budget and will receive a briefing on the 2020 share insurance fund Normal Operating Level (NOL) at its Dec. 12 meeting
WASHINGTON—Increasing financial threats to elder Americans from both domestic and foreign actors can be seen in the recent increase in suspicious activity report (SAR) filings, according to an analysis of Bank Secrecy Act data over the last six years performed by the Financial Crimes Enforcement Network (FinCEN).
WASHINGTON– A new study conducted for the Secure Payments Partnership coalition, which is made up of retailers, shows that the U.S. credit card industry “has failed to establish adequate security standards and that a neutral third party should be put in charge,” according to the National Retail Federation.
SACRAMENTO, Calif.—In a letter to California Attorney General Xavier Becerra, NAFCU has outlined a number of concerns it has regarding the California Consumer Privacy Act (CCPA), which is set to take effect Jan. 1., 2020.
LITTLE FALLS, Minn.–The former president of a credit union here has been sentenced to eight years in prison. Margurite Cofell, 62, pleaded guilty in April to one count of fraud in what prosecutors called a multi-million-dollar scheme.
FARMINGTON, Mich.–LOC Federal Credit Union has named a new president and CEO. The $226-million CU has selected Stephen Groch to lead the organization effective in February of 2020.