WASHINGTON–Following a hearing in the House of Representatives during which the chairman of the FDIC suggested CU acquisitions of banks are a “concern” and questions related to CUs and CRA were asked, CUNA said statements made by the FDIC chair were "inaccurate and misinformed."
WASHINGTON–One day after appearing before the House as part of a hearing on oversight of financial regulators, NCUA Chairman Rodney Hood was back before the Senate with largely the same message.
WASHINGTON–During his appearance before the Senate Banking Committee, NCUA Chairman Rodney Hood found himself being grilled by one senator over whether an “independent” regulator should appear in a video on behalf of the Trump administration.
ARLINGTON, Va.—Total vehicle sales increased to a rate of 17.1 million annualized units in November – regaining October's losses with the largest monthly increase since May.
WINSTON-SALEM, N.C.–With the Truist Financial Corp. brand scheduled to make its debut tomorrow, the bank has made a blanket denial of claims made by Truliant Federal Credit Union in a lawsuit it filed over alleged trademark infringement.
LOUDOUN, Va.–Northwest Federal Credit Union is donating $10 million to the planned Children’s Science Center in northern Virginia, for which it will now have the lead in naming rights.
SCHENECTADY, N.Y.–Members of City of Schenectady Employees FCU have approved a merger with CAP COM Federal Credit Union during a special member meeting.
CRANSTON, R.I.–Cranston Municipal Employees Credit Union has named a new president/CEO. The $58-million CMECU has named Scott R. Kaplan to lead the organization, succeeding Dennis J. Crawley after a 25-year career with the credit union.
WASHINGTON–The U.S. Treasury’s Department’s Office of Foreign Assets Control (OFAC) has taken action against Evil Corp, a Russia-based cybercriminal organization it alleges is responsible for malware it has used to infect computers and harvest login credentials from hundreds of banks and financial institutions in over 40 countries, causing more than $100 million in theft.
REGINA, Saskatchewan–Several groups and organizations in this province are enjoying new physical facilities after Conexus Credit Union opted to give away a number of branches it is closing rather than sell them.
