JEFFERSON CITY, Mo.—The $716-million River Region Community Credit Union here has received approval from NCUA to merge in $566-million Missouri Credit Union, based in Columbia, Mo., the credit union reported.
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HOUSTON—A former manager of Prairie View FCU has been sentenced to two years in prison after pleading guilty to embezzling more than $211,500 from an elderly couple, the Houston Landing reported.
SAN ANTONIO—The $1.2 billion Firstmark Credit Union has named Wendy Cleveland president and CEO, the CU announced.
ODESSA, Texas—A loan officer from Southwest Heritage Credit Union here has been accused of orchestrating a fraudulent scheme, diverting over $300,000 into her own accounts by creating loans under false identities, the Odessa American reported.
WICHITA, Kans.—Bob Thurman, who guided the $1.6-billion Credit Union of America for 37 years as president/CEO, has died, the Wichita Business Journal reported.
WASHINGTON—The Senate Thursday confirmed Russell Vought to lead the Office of Management and Budget.
WASHINGTON—The CFPB has filed a motion to stay proceedings related to the Bureau’s final overdraft rule, noting the new leadership of Acting Director Scott Bessent and time needed to review the rule, litigation, and other considerations, America’s Credit Unions reported.
CHICAGO—While a federal judge Thursday expanded a preliminary injunction against enforcement of an Illinois state law restricting interchange fees to include out-of-state banks, the court denied credit unions’ request to be included in that injunction.
WASHINGTON—Dozens of leagues and credit union advocates met with key committee members on Capitol Hill this week, America’s Credit Unions reported.
WASHINGTON—At the Senate Banking, Housing, and Urban Affairs hearing on debanking this week, Ranking Member Elizabeth Warren (D-MA) made the case for lifting the freeze on the CFPB to finalize rules that would help prevent debanking by addressing some of the root causes—from overdraft fee practices to discrimination because of someone’s religious or political beliefs, the Senate Banking Committee stated in a release.