WASHINGTON—The operators of a telemarketing scheme charged with bilking millions of dollars from consumers, many of whom are seniors or military veterans on fixed income, will pay approximately $7.5 million in consumer redress under a settlement with the Federal Trade Commission.
Fresh Today
WASHINGTON–It’s “going to be some week” in Washington, according to CUNA.
NEW YORK–Trevon Gross, the former chairman and CEO of Helping Other People Excel FCU (HOPE FCU), and Yuri Lebedev, a former member of the credit union’s board as well as former employee of Coin.mx, a Bitcoin exchange, have been found guilty today in Manhattan federal court in connection with a bribery scheme to take over control of HOPE FCU and a fraud scheme in furtherance of the operations of Coin.mx.
SAN ANTONIO–The new chairman of the Independent Community Bankers of America has a message that would sound familiar at any credit union event.
DANA POINT, Calif.–The 12th annual California and Nevada Credit Unions for Kids Wine Auction here raised more than $1 million for the 11 Children’s Miracle Network Hospitals in California and Nevada. It is the third consecutive year the event raised more than $1 million.
ALEXANDRIA, Va.–NCUA has named Bob Foster as its new Director of the Office of Public and Congressional Affairs.
BURNSVILLE, Minn.–For the first time in its 90-year history, Firefly Credit Union opened a student-run branch.
MADISON, Wis.—Erin Mendez, president and CEO of Patelco Credit Union in Pleasanton, Calif., has been named to the CUES board of directors.
ARLINGTON, Va.—Six candidates have been selected by the NAFCU Nominating Committee for the two open at-large positions in this year's NAFCU board elections.
WASHINGTON–President Trump’s first budget, the “Budget Blueprint to Make America Great Again” eliminates the National Flood Insurance Program’s (NFIP) mapping effort by proposing to eliminate “the discretionary appropriation for the NFIP’s Flood Hazard Mapping Program.