GLENDALE, Calif.—Clearpath FCU has filed suit against its former CEO, John Lee, for more than $136,000 for allegedly taking out three car loans and two personal loans without intending to pay them back.
Fresh Today
WASHINGTON–The cost of the credit union tax exemption to the Federal Treasury will be $14.4 billion between 2016 and 2020, according to an estimate included in a new report from the congressional Joint Committee on Taxation.
WASHINGTON–The rate of homeownership in the U.S. has fallen again.
IRVINE, Calif.–The pace of housing price increases continues, even as a new survey shows demand for housing at its highest point in two years.
NEW YORK—The New York State Department of Financial Services is opposing the Office of the Comptroller of the Currency’s proposal to grant national bank charters to fintech companies.
RALEIGH, N.C. – A new survey indicates that lenders may need to start doing a better job of storing more granular data on credit risk to comply with new CECL rules.
TIGARD, Ore./SEATAC, Wash.–Credit unions in Oregon and Washington created a $7.7-billion economic impact in 2016, according to a new analysis released by the Northwest Credit Union Association.
DULUTH, Ga.–Members of Georgia’s credit unions received a direct financial benefit of $87 per member and $165 per household for the 12 months ended September 2016 vs. having had the same relationships with banks, according to the Georgia Membership Benefits Report compiled by Georgia Credit Union Affiliates.
WASHINGTON—President Donald Trump’s nomination of Steven Mnuchin to be the next Treasury secretary was reported out favorably by Senate Finance Committee Republicans, despite a boycott by panel Democrats’ of the vote.
SUMTER, S.C.–SAFE Federal Credit Union will be running a commercial during this weekend’s Super Bowl, but which spot will appear will depend on the results of a vote.