DHAKA, Bangladesh–Hackers have reportedly stolen $100 million from this country’s central bank. According to investigators, the hackers were apparently able to do so after obtaining payment-transfer codes from Bangladesh Bank and moving the money overseas.
WASHINGTON–Mortgage rates last week rose for the second consecutive week, marking the only two weekly increases so far in 2016, according to Freddie Mac.
HOUSTON–Members Choice Credit Union has made its choice in a new CEO. The credit union has named Randy Theilig as president/CEO.
IRVINE, Calif.–A new analysis shows one-million borrowers regained equity in 2015, bringing the total number of mortgaged residential properties with equity at the end of Q4 2015 to approximately 46.3 million, or 91.5% of all mortgaged properties, according to CoreLogic.
WASHINGTON–CUNA closed 2015 with just under $59 million in net revenues, approximately $1.1-million over what it had budgeted and $3.6 million over its year-end 2014 results.
PHOENIX—CFPB Director Richard Cordray said a final rule on prepaid accounts will be coming “soon,” while a rulemaking process on payday lending will begin “in the coming months.
WASHINGTON—The number of lawmakers signing a letter calling for the CFPB to use its authority to protect credit unions has now reached 330, according to CUNA.
WASHINGTON–Banks have paid fines of approximately $110 billion as the result of their actions toward the mortgage bubble and crash. But where has that money gone?
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services has announced new assignments for two members of its executive management team (EMT). Sarah Canepa Bang has been named Executive Vice President of Corporate Relations, having previously served on the EMT as president of FSCC, LLC, and chief strategy officer for CO-OP Shared Branching.
ARLINGTON, Va.—NAFCU once again is calling for an 18-month exam cycle for well-run credit unions.
