ALEXANDRIA, Va. – On behalf of the former U.S. Central FCU and Western Corporate FCU (WesCorp), NCUA reported it has received $445 million from UBS for claims arising from losses related to purchases of residential mortgage-backed securities by those corporate credit unions.
Fresh Today
WASHINGTON–A bipartisan congressional agreement on a bill providing $1 trillion in funding to keep the federal government operating through the end of September includes $248 million to fully fund the Community Development Financial Institutions (CDFI) Fund.
MINOT, N.D.—Members of Town & Country Credit Union here have voted overwhelmingly against a proposed merger.
WASHINGTON–Mortgage rates rose last week for the first time in five weeks.
WASHINGTON—NAFCU is rallying support from its members to help repeal the Dodd-Frank Act's Durbin Amendment.
PUEBLO, Colo.–To mark its 80th anniversary, Minnequa Works Credit Union is paying out $500,000 in loyalty dividends.
JEFFERSON CITY, Mo.—A former employee of Shelter Insurance FCU faces up to three decades in federal prison after admitting to embezzling more than $231,000 from the Columbia, Mo.-based CU.
WASHINGTON–The Consumer Financial Protection Bureau has taken action against four online lenders for “deceiving consumers” by collecting debt they were not legally owed.
WASHINGTON–The Consumer Financial Protection Bureau announced that its recent supervisory work has found some student loan and mortgage servicers are violating the law by failing to provide struggling borrowers with legal protections.
WASHINGTON—CUNA President/CEO Jim Nussle has written to Treasury Secretary Steven Mnuchin, thanking him for conducting a roundtable discussions with credit unions earlier in April, and providing additional information about how regulations can be more manageable for credit unions.