SAGINAW, Michigan—The State of Michigan Department of Insurance and Financial Services Friday liquidated Valley State CU here and named the National Credit Union Administration as liquidating agent, NCUA reported.
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ALEXANDRIA, Va.—NCUA has issued two notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.
ONTARIO, Calif.—Leading experts and innovators from the worlds of finance and automotive will speak during CU Direct’s upcoming Drive ’17 Lending Conference.
WASHINGTON—A bipartisan group of 71 House members is urging leaders of the House Appropriations Committee to provide full funding for the Treasury Department's Community Development Financial Institutions Fund program in its fiscal year 2018 appropriations package.
WASHINGTON—Seventeen members of Congress have sent a letter to the House appropriators requesting language on the Consumer Financial Protection Bureau’s exemption authority be included in the fiscal year 2017 Financial Services and General Government (FSGG) Appropriations bill.
WASHINGTON–A new report from the GAO says that privately insured credit unions have largely complied with CFPB disclosure requirements of their status as non-federally insured financial institutions, but the rules for those disclosures should be clarified in guidance from the agency.
MISSOULA, Mont.—Valley FCU here has filed a class action lawsuit against Arby’s over its recent data breach, the second credit union to do so.
WASHINGTON–Mortgage rates have slid to a three-week low, but that hasn’t stopped refinancings from dropping to their lowest point in eight years. According to the Mortgage Bankers Association, the refinance share of mortgage activity last week was down a significant 44% of total applications.
WASHINGTON–Signed sales contracts to buy existing homes were up 5.5% in February, the second fastest pace of growth in more than a decade, according to the National Association of Realtors.
SAN FRANCISCO–Wells Fargo has agreed to pay $110 million to settle a class action lawsuit related to the opening of more than $2 million bogus customer accounts.