IRVINE, Calif.—With more than 2,000 fintech start-ups in place today, credit unions have a lot to keep their eyes on. To help narrow the focus, Entrepreneur magazine has created a list of the top 12 fintech companies to watch in 2018, including a somewhat ironically named competitor at number 7.
WASHINGTON—Three defendants who allegedly posed as lawyers and falsely threatened to sue people or have them arrested for failing to pay on debts they did not owe are banned from the debt collection business under a settlement with the Federal Trade Commission.
WASHINGTON – CUNA has announced the three keynote speakers for its 2018 CUNA Governmental Affairs Conference (GAC).
LOUISVILLE, Ky. –Just two weeks after police here announced they were investigating an alleged theft at their own credit union, NCUA has placed Louisville Metro Police Officers Credit Union into conservatorship.
WASHINGTON—The House Financial Services Committee has approved by a vote of 33-25 legislation to repeal the NCUA's risk-based capital (RBC) rule, which is set to go into effect Jan. 1, 2019. The bill, sponsored by Rep. Bill Posey (R-FL) now awaits action by the full House.
NEW YORK—A challenge to a proposed federal charter for financial technology firms was dismissed this week, with a federal judge ruling that New York's top financial regulator's case was speculative, because the Office of the Comptroller of the Currency has not finalized its plans for the charter.
WINDOW ROCK, Ariz.–The Navajo Nation has filed suit against Wells Fargo over its now-exposed practice of opening bogus accounts as employees struggled to meet aggressive cross sales goals.
WICHITA, Kan.–A former CU manager charged with stealing more than $5 million, an auto dealer charged with creating fake vehicles, and a former CU employee charged with taking money from a member’s account have all been in court this week.
DEKALB, Ill.–Four credit unions have announced plans to merge and become two.
WASHINGTON—Overall consumer prices increased 0.4% in November. That included a 3.9% increase in energy prices, which "accounted for about three-fourths of the headline gains," said NAFCU Chief Economist and Vice President of Research Curt Long.
