WASHINGTON—As the Senate prepares to consider the Regulatory Relief and Consumer Protection Act (S 2155), the Heartland Credit Union Association and the Credit Union Association of the Dakotas has had op-eds published in local papers that argue the bill will have a positive effect on credit unions and consumers.
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WASHINGTON–While credit unions are hailing regulatory relief provisions in S 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, numerous consumer groups and others are blasting it as a gift to Wall Street that wipes away the consumer protections and other safeguards put in place following the deep recession of a decade ago.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued highly anticipated guidance affecting reporting obligations for U.S. financial institutions in response to an inquiry by the Florida International Bankers Association (FIBA).
DOVER, Ohio–More than 100 member accounts at Dover-Phila FCU have been drained of funds by crooks.
DOVER, Ohio—CUNA and the Ohio Credit Union League Tuesday filed an amicus brief in the U.S. District Court for the Northern District of Ohio defending a credit union hit with a lawsuit alleging violations of the Americans with Disabilities Act (ADA).
WICHITA, Kan.–Two Kansas credit unions have announced merger plans. The $805-million Credit Union of America said it has reached an agreement with the $36-million Central Kansas Credit Union.
GLENDALE, Calif.–Two credit unions have named new CEOs. The $928-million Los Angeles FCU has named Richard Lie as president/CEO. He had previously served as VP/CFO for 23 years at LAFCU, and succeeds John Dea.
PLANO, Texas–A CUSO here is citing more than 150 million examples of how it has been able to sustain vendor support for a mature service that remains critical to credit union business operations.
MADISON, Wis. — The World Council of Credit Unions has secured three world-renowned speakers for the 2018 World Credit Union Conference, July 15–18 July, in Singapore.
LAWRENCEVILLE, Ga.—A new white paper from Black Book shows lenders how to better analyze risk to drive growth with subprime and deep subprime borrowers.