WASHINGTON—The Senate Banking Committee intends to question Wells Fargo Chairman and CEO John Stumpf during a Sept. 20 hearing about CFPB charges that thousands of the bank's employees secretly opened accounts and enrolled customers in services without their consent.
Fresh Today
WASHINGTON–CUNA’s Credit Union Legislative Action Committee (CULAC) is making a $250,000 independent expenditure on advertising to help Rep. Brad Ashford (D-NE) in his re-election effort. Ashford, who is a first-term member of Congress, is in a tight race with Republican Don Bacon for the seat, for which Libertarian Steven Baird is also vying. Bacon is a retired brigadier general who has not previously held office.
SAN FRANCISCO–The Wells Fargo executive who oversaw the unit that led to $185 million in fines could personally see a payout of more than $125 million herself.
ARLINGTON, Va.—NAFCU President and CEO Dan Berger called last week’s news about Wells Fargo “flat-out fraud” and said the scandal highlights what is different about credit unions.
WASHINGTON–It isn’t just credit unions expressing indignation at practices at Well Fargo that led to $185 million in fines.
QUINCY, Mass.–With plenty of debate continuing around the question of will they or won’t they, Boston Fed President Eric Rosengren indicated last week that he is in favor of gradual interest rate hikes.
MADISON, Wis.—CUES has announced its 2016 executive award winners and inductees into its Hall of Fame.
ONTARIO, Calif.–Seven credit union leaders in California and Nevada have been named as winners of the highest honors presented by the California and Nevada leagues.
ARLINGTON, Va.—NAFCU has sent a letter to the National Institute of Standards and Technology (NIST) regarding the “current and future states of cybersecurity in the digital economy.”
WASHINGTON—Credit unions and for-profit debt collectors have different considerations when communicating with consumers, CUNA told the CFPB in a letter.