MADISON, Wis.–The World Council of Credit Unions has filed a comment letter with the Financial Action Task Force on their Draft Guidance for Private Sector Information.
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PORTSMOUTH, N.H.—The $1.1-billion Northeast Credit Union here has extended its reach in Maine by acquiring the $168-million Ocean Communities FCU, based in in Biddeford, Maine.
BROOKFIELD, Wis.–Fiserv announced it has acquired the assets of PCLender, LLC, a provider of next generation enterprise Internet-based mortgage software and mortgage lending technology solutions.
ST. PAUL, Minn.–The “WINcentive Prize-Linked Savings” program in this state is reporting that halfway through its second year credit union members in the state have opened almost 5,000 accounts and saved more than $3.5 million.
RESTON, Va.—Two-thirds of consumers are concerned about the security of their debit and credit cards, according to a new survey from Transaction Network Services.
PURCHASE, N.Y.—Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments, the company said.
WASHINGTON—NAFCU is offering what it is calling a “roadmap” for regulatory reform to Treasury in a letter that supports a presidential executive order for reduced regulation. The association called it "a valuable framework for promoting growth and innovation across all sectors."
WASHINGTON—NAFCU is urging an exemption be granted from Home Mortgage Disclosure Act reporting for all home equity lines of credit or, in the alternative, higher reporting thresholds for closed-end and open-end loans in an official comment letter to the CFPB.
WASHINGTON—Chief executive officers at state-chartered credit unions with at least $1 billion in assets reported an average total compensation of $1.021 million for 2015, according to a new analysis.
WASHINGTON–House Financial Services Committee Chairman Jeb Hensarling (R-TX), a strong opponent of the CFPB, is now asking for an investigation of whether its executive director has violated federal election law.