WASHINGTON–A U.S. appeals court has ruled in favor of the dismissal of claims filed by various hedge funds against the federal government for continuing to seize the profits of Fannie Mae and Freddie Mac, which the federal government continues to operate in conservatorship.
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WASHINGTON—NAFCU told the CFPB that access to consumer data to power better personal finance products should focus on ensuring the security of consumers’ data and should not create new data-collection burdens and costs for credit unions.
BASSETERRE, St. Kitts–Long-time Caribbean and global credit union leader Melvin Edwards will be inducted into the African American Credit Union Hall of Fame during a ceremony to be held at the Marriott Marquis in conjunction with CUNA’s GAC in Washington.
MADISON, Wis.–The Filene Research Institute has released a new report that describes how credit unions can find success by manifesting “organizational ambidexterity”—a balance of both exploit and explore type activities.
MADISON, Wis. – CUNA Mutual Group said that Pentagon FCU has begun making TruStage accidental death and dismemberment (AD&D) and life insurance available to the credit union’s 1.5 million members.
ONTARIO, Calif.– During 2016 California’s credit unions generated a $17-billion economic impact in the state, while Nevada’s credit unions were responsible for $803 million in the state economy, according to a first-ever report that details jobs created, economic contributions, benefits to members, and community lending by credit unions in the two states.
MADISON, Wis.—Brice Yocum, CEO/president, of Tucoemas FCU in Visalia, Calif., has been named as the 2017 recipient of a scholarship to attend CUES’ prestigious CEO Institute program.
SAN FRANCISCO–Wells Fargo has fired four senior executives as part of its probe of illegal sales practices that led to more than $185 million in fines against the bank in 2016.
HANSCOM AFB, Mass.–Members of the $17-million Touchstone FCU have approved a merger into the $1.1-billion Hanscom FCU here. The merger will be effective April 1, 2017.
TALLAHASSEE, Fla./BIRMINGHAM, Ala.–The League of Southeastern Credit Unions and Affiliates said it has joined with the National Federation of CDCUs to support the Juntos Avanzamos (Together We Advance) program. The goal of Juntos Avanzamos is to empower U.S. born and immigrant Hispanics.