SAN DIEGO–The CFPB’s Disparate Impact Initiative has led to a number of big-dollar settlements with several auto lenders, but congressional pushback could rein such settlements in in the future, according to one attorney.
Fresh Today
SAN DIEGO–An attorney who has represented people and organizations being investigated by the CFPB offered some issues every credit union should watch in order to avoid joining that list.
SCHAUMBURG, Ill.–The $900-million Motorola Employees Credit Union said it will be changing its name later this year to Andigo Credit Union.
PEKIN, Ill.—Charles Juska, the former CEO at Tazewell County School Employees CU who is accused of using forgery to misapply $500,000 of the $25-million CU’s funds, claims he did nothing to defraud the credit union.
WASHINGTON—One-in-five borrowers who take out a single-payment auto title loan have their car or truck seized by their lender for failing to repay their debt, according to a new report from the CFPB.
MUSKEGO, Wis.—Chris Felton has been named president and CEO of Corporate Central Credit Union.
LATHRUP VILLAGE, Mich.–Michigan First FCU here has selected Insuritas to partner with it to launch Michigan First Insurance Agency.
ANAHEIM, Calif.–Susan Gruber, CFO at Pleasanton, Calif.-based Patelco Credit Union, has been named CFO Professional of the Year by the CUNA CFO Council here.
MINOT, N.D.–Prairie Federal Credit Union has named a new CEO.
SAN DIEGO–CU Direct and PSCU said they have entered into an agreement under which PSCU will utilize CU Direct’s Lending 360 Loan Origination System (LOS) within its Total Member Care (TMC) Contact Centers.