Fresh Today

Fresh Today

WASHINGTON—CUNA is launching the next phase of its Strong Credit Unions, Strong Middle Class campaign as the 2016 election season enters the presidential and vice presidential debate season.

ARLINGTON, Va.—NAFCU has sent a letter to  CFPB Director Richard Cordray supporting the Bureau’s decisions around third-party debt collectors, but also asking that future debt collector proposals recognize the unique structure of credit unions.

BIRMINGHAM, Ala. – EPL, Inc., a leading software development firm serving credit unions nationwide, reported it has finalized two deals to convert Onomea Federal Credit Union and St. Francis Federal Credit Union to its open core system, i-POWER.

OLYMPIA, Wash.—The Independent Community Bankers Association (ICBA) lawsuit challenging NCUA’s final rule related to MBLs has prompted the Washington Division of Credit Unions to temporarily suspended its member business loan rulemaking process, the division stated on its website.

GRAND RAPIDS, Mich.–CU*Answers has opened enrollment for the second year of its executive boot camp series. Enrollment is open to staff from credit unions within the cuasterisk.com network. The first two boot camps graduated 18 employees.

WASHINGTON—The operators of an alleged mortgage relief scam that preyed upon distressed homeowners have been banned from the mortgage loan modification and debt relief business under a court order obtained by the Federal Trade Commission.

CARPINTERIA, Calif. – Credit, debit, and prepaid payment cards in circulation worldwide totaled 18.08 billion at year-end 2015, up 5.8% over 2014, according to The Nilson Report, which covers the card and mobile payment industries.