MONTGOMERY, Ala.—An Alabama House committee has approved a payday lending bill that offers reforms. This new bill that was approved, still SB 91, has been significantly amended and watered down from its original version, the League of Southeastern CUs & Affiliates reported.
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SAN DIEGO–CO-OP Financial Services has announced the rollout of CO-OP Purpose, which it is calling a new corporate social responsibility program for credit unions that provides turnkey, impactful community initiatives to advance their mission of empowering peoples’ financial well-being.
IRVINE, Calif.—Home prices continue to show ongoing appreciation, and will continue to rise, according to a new forecast.
WASHINGTON–During the first quarter of 2016, the nation’s banks, on balance, tightened their standards on commercial and industrial (C&I) and commercial real estate (CRE) loans over the first quarter of 2016, according to the April 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices conducted by the Federal Reserve.
ALBANY, N.Y.—New York state officials here are warning consumers of a new phishing scam that involves EMV cards.
ARLINGTON, Va.—NAFCU is urging the Federal Communications Commission to develop a “common sense interpretation” of “residential” line under the Telephone Consumer Protection Act, in a comment letter Monday, to ensure consumers receive information from their financial institutions on both their mobile and residential phone lines.
MUSKEGON, Mich. – A former credit union teller who has been charged with stealing more than $100,000 from the account of a newly dead friend while she worked at a bank, has now been charged with additional felonies that were allegedly committed while free on bond.
EDWARDSVILLE, Ill.–Scott Credit Union, which is being sued by a former NFL player as part of a fraud lawsuit, has acknowledged that its former business relationship manager, Theodore Longust, embezzled funds and created fictitious loans, but has denied any liability for that criminal conduct.
MILWAUKEE, Wis.–A number of credit union clients of La Macchia Group are celebrating the opening of innovative new facilities.
COLORADO SPRINGS, Colo. – The Mountain West Credit Union Association has presented its annual credit union Professional and Volunteer of the Year awards at a special dinner at The Broadmoor Resort here.