ALEXANDRIA, Va.—NCUA reported that it will receive $50.3 million in damages and interest from Credit Suisse for claims arising from losses to Members United and Southwest corporate credit unions related to purchases of residential mortgage-backed securities.
Fresh Today
WASHINGTON—The House Financial Services Committee Wednesday, in a 33-20 vote, passed the “Taking Account of Bureaucrats’ Spending (TABS) Act of 2016” (HR 1486), which would make CFPB funding part of the regular congressional appropriations process.
SAN FRANCISCO–Max Levchin, a co-founder of PayPal, announced he has raised $100 million in new funding for a new start-up, Affirm, which is “on a mission to reinvent the way people get loans.”
WASHINGTON—Data on roughly 44,000 FDIC customers was recently breached accidentally by a departing employee, The Washington Post reports.
WASHINGTON–In advance of a hearing by the House Ways and Means’ Subcommittee on Tax Policy this week, CUNA has sent a letter outlining the reasons for maintaining the credit union tax exemption.
WASHINGTON–What’s it like to run in the Credit Union Cherry Blossom Ten Mile Run in Washington in the Spring?
WABAN, Mass.–Credit unions have again been ranked highly in a survey of consumers over trustworthiness.
BEND, Ore.–Mid Oregon Credit Union here has selected Khorus Software solution to help it align its workforce and to execute strategy.
PITTSBURGH, Penn.–The former CEO of Toledo Metro FCU admitted in court to stealing more than $200,000 from the credit union.
WASHINGTON—CUNA is supporting legislation that would prohibit the use of guarantee fees to offset unrelated federal spending.