ANN ARBOR TOWNSHIP, Mich.–The nation’s credit unions will be paying close attention to Domino’s Pizza, and it has nothing to do with whether their orders arrive in 30 minutes or less.
Fresh Today
IRVING, Texas–Nissan Motor Acceptance Corporation has agreed to pay $3 million to resolve charges it repossessed vehicles from men and women who received military orders, according to the U.S. Justice Department.
ARLINGTON, Va.—Following the Department of Justice's (DOJ) $3-million settlement with Nissan Motor Acceptance Corporation for alleged violations of the Servicemembers Civil Relief Act (SCRA), NAFCU's Brandy Bruyere has offered a reminder to credit unions on what they need to know regarding SCRA specifically related to vehicle repossession.
SCHAUMBURG, Ill.–Twenty-one credit unions have been named by Raddon as winners of its annual Crystal Performance Awards, which it said recognize the top 3% of the best-performing credit unions among the more than 500 with which it works.
ANCHORAGE, Alaska–Credit Union 1 is reporting it will discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses.
NEW YORK – The New York Department of Financial Services is leading a multistate investigation into the payroll advance industry and allegations of unlawful online lending.
Use of Alternative Credit Data for Underbanked Leads to 30% Increase in Loan Approvals, Reports CFPB
WASHINGTON–The use of alternative credit data for underbanked consumers has led to nearly 30% more loans being approved, according to a CFPB program that has been testing digital platforms.
SANTA ANA, Calif.—U.S. prosecutors have indicted the defunct exchange BTC-e and its suspected operator, Alexander Vinnik, for civil penalties of more than $100 million.
CAMBRIDGE, Mass.–Nancy Fales has been named interim CEO of MIT FCU here, replacing Brian Ducharme, who has retired after leading the credit union for 18 years.
WESTBROOK, Maine–Sen. Susan Collins (R-ME) attended a briefing on data security at the Maine Credit Union League’s headquarters.
According to the league, the meeting provided Sen. Collins with an overview of the security measures and technology Maine’s credit unions utilize to protect member data and prevent financial fraud.