TUSCALOOSA, Ala.–Alabama One Credit Union, which was the subject of numerous, high-profile lawsuits and news reports that even included the state’s governor, has been released from conservatorship by the state regulator.
Fresh Today
CARPINTERIA, Calif.–Credit card receivables generated by cards issued in the U.S. topped $1 trillion at year-end 2016, according to The Nilson Report.
SUFFOLK, N.Y.–As it marks its 50th anniversary, Suffolk Federal Credit Union said it has also hit the $1-billion in assets threshold.
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services has released an analysis of the Federal Reserve’s recently released 2016 Payments Study.
DENVER—Mortgage services provider LenderLive said it has reached a definitive agreement with PHH Mortgage Corp. to assume its private label fulfillment operations in Jacksonville, Fla.
WASHINGTON–Fannie Mae and Freddie Mac, which continue to be operated under federal government control, will pay $10 billion in dividends to the government, according to figures released for the fourth quarter.
BOSTON–In what was described as a “marked shift” from three previous biennial surveys, Celent is reporting that “improving sales results” is no longer job number-one in the coming year for America’s financial institutions.
NEW YORK—JPMorgan Chase has added another inconvenience to jury duty—bank fees.
SAGINAW, Mich.–A man charged with scamming a credit union here is arguing that he was scammed himself.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services said it is bringing world-class speakers, exclusive research and strategic guidance, and industry experts to the agenda for the THINK 17 conference, focusing on “Creating and Executing Your Digital Transformation Strategy.”