Fresh Today

Fresh Today

EDGEWOOD, Ky.–Cove FCU has received regulatory approval from NCUA to expand its FOM. The $62-million CU has been given the OK to expand into Hamilton County in Ohio, which is just across the river and home to Cincinnati, as well as the Northern Kentucky counties of Boone, Kenton, Campbell, Grant, and Pendleton.

MOSCOW, Idaho— The Idaho State Board of Education has given its approval to breaking ground on a new $46-million basketball arena at the University of Idaho that will be named for a credit union. The 4,200-seat facility will be called the Idaho Central Credit Union Arena after the credit union purchased the naming rights.

TOPEKA, Kan. –The former president of a credit union here has pleaded guilty today to a federal charge of embezzlement. U.S. Attorney Stephen McAllister said Connie Marie Kent, 52, pleaded guilty to one count of theft from a credit union.

WASHINGTON—The CFPB has filed a new brief as it seeks to defend its single-director structure as constitutional as it appeals a New York federal judge's ruling that it is unconstitutional.

WASHINGTON—Ahead of oral arguments set for April 16 in the appeal of the lower-court decision in a lawsuit challenging the NCUA's field of membership (FOM) rule, the American Bankers Association (ABA) has filed a new brief arguing that credit unions engage in redlining.

WASHINGTON–The Supreme Court has ruled unanimously that law firms performing nonjudicial foreclosures are not debt collectors under the Fair Debt Collection Practices Act (FDCPA).