GRAND RAPIDS, Mich.–AuditLink, the audit and compliance division of CU*Answers, recently held its second Conversations on Compliance event here.
Fresh Today
CHICAGO–Reverse mortgage volume continued its downward trend in May, plummeting to one of the lowest single-month endorsement totals in recent history, according to ReverseMortgageDaily.com.
WASHINGTON—The CFPB has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme.
DUBUQUE, Iowa—Joe Hearn, president and CEO of Dupaco Community Credit Union, has been elected chair of the Credit Union Executives Society (CUES) board of directors.
WASHINGTON–Several election primaries for the House of Representatives are taking place today, with credit unions supporting candidates in several races.
WASHINGTON–A proposal being floated by Rep. Jeb Hensarling, who chairs the House Financial Services Committee, to replace much of Dodd-Frank will likely spark “lively discussion,” but not much legislative action is expected on the bill in the current Congress, according to CUNA.
WASHINGTON–A closer look by CUNA at the CFPB’s broad, proposed new rulemaking over short-term, small-dollar loans finds some impact to loans made under NCUA’s Payday Alternative Loan (PAL) program.
ARLINGTON, Va.—The anemic U.S. employment numbers reported for May, which were just 38,000 and were the smallest monthly gain since September 2010, makes an interest rate hike unlikely for June, according to NAFCU Chief Economist and Director of Research Curt Long.
WASHINGTON—The CFPB Monday filed suit against payment processor Intercept Corporation and two of its executives, Bryan Smith and Craig Dresser, for allegedly enabling unauthorized and other illegal withdrawals from consumer accounts by their clients.
ROCKY HILL, Conn.–Two former executives of Nutmeg State Financial Credit Union have filed suit against the CU alleging they were fired in retaliation for talking to regulators about what they claimed were improper accounting practices at the CU.