WASHINGTON—The Bureau of Consumer Protection (BCFP) has extended the application period for those interested in becoming a member of the Bureau's Consumer Advisory Board (CAB) or an advisory council such as the Credit Union Advisory Council (CUAC).
Fresh Today
CAMP ARIFJAN, Kuwait–The Defense Credit Union Council (DCUC) sponsored the DCUC Kuwait 10 Mile Freedom Run/Walk hosted at Camp Arifjan and Camp Buehring here.
SYDNEY, Australia—Another country is regulating cryptocurrencies.
WASHINGTON—Three marketers who allegedly sold phony debt relief services, including fake loans, have agreed to be banned from selling debt relief, credit repair and financial products and services, to be banned from telemarketing, and to turn over assets worth approximately $35 million dollars, under settlements with the Federal Trade Commission and the State of Florida.
ARLINGTON, Va.–NAFCU and the National Federation of Community Development Credit Unions have jointly submitted another amicus brief in support of NRS Community Development FCU in Alabama, which is facing litigation related to its website and the American with Disabilities Act (ADA).
MADISON, Wis.–Membership in U.S. credit unions was “on a tear” during the first two months of 2018, with projections calling for CUs to add enough members that by year-end they will represent one-third of the U.S. population, according to the latest Trends Report released by CUNA Mutual.
WASHINGTON—The Federal Credit Union Act has had a tough week. After both a U.S. senator and several bankers’ associations gave the FCU Act some punches, CUNA has also now sent a letter that offers several suggested modernizations to the Act.
WASHINGTON–Both CUNA and NAFCU have put on the full court press in lobbying for passage of regulatory relief legislation currently before Congress, but one senator said prospects for the bill could be dim depending on any changes that might be made.
ST. LOUIS—Chuck Fagan emphasized the importance of scale to succeed—not only for credit unions but for PSCU as well, during the CUSO’s 2018 Member Forum.
ATLANTA–SunTrust Banks has acknowledged that an employee had stolen information related to 1.5 million of its customers.