MIDLAND, Mich.–Dow Chemical Employees’ Credit Union announced it will pay out approximately $14 million as part of its “Member Giveback Rebates and Rewards for 2015.” It is the largest payout in the credit union’s history.
Fresh Today
HOUSTON–The former VP of Houston Police FCU here has been charged with an embezzlement that has lasted for two decades, authorities are alleging.
ALEXANDRIA, Va.—By a pair of 3-0 votes, the NCUA board Thursday passed a final rule covering interest on lawyer trust accounts (IOLTAs) and certain other escrow accounts involving prepaid cards, as well as putting out for comment two broad categories of its rules.
WASHINGTON—Both CUNA and NAFCU are disappointed in the final IOLTA rule, saying the agency could have done more with the regulation.
WASHINGTON–The Office of the Comptroller of the Currency (OCC) is expressing concern that careless underwriting standards at banks is causing rising credit risk in bank lending portfolios, which it said could mean problems over the long term at those institutions.
WASHINGTON—The Consumer Financial Protection Bureau has taken action against EZCORP, Inc., a small-dollar lender, for illegal debt collection practices.
ONTARIO, Calif.–The California and Nevada CU Leagues’ hosted a pair of workshops designed to provide additional information on what is involved in gaining Community Development Financial Institution (CDFI) certification from the Treasury Department, as well as why a credit union might want to do so.
HOUSTON–First Service Credit Union has launched a new program aimed at kids from birth to age 18 that includes increasing levels of account features as the children grow and become more financially responsible.
BIRMINGHAM, Ala.–A suspect in the robbery of a branch of America’s First Credit Union here turned himself in after his mother saw his picture on TV.
NORTH HOLLAND, Netherlands—Nearly two-thirds (64%) of consumers said they would be unlikely to do business with a company that had experienced a breach where financial information was stolen, according to a new global survey.