WASHINGTON—Both CUNA and NAFCU are disappointed in the final IOLTA rule, saying the agency could have done more with the regulation.
Fresh Today
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.
MADISON, Wis.–The National Credit Union Foundation has held its board elections, with Patricia Wesenberg, president/CEO of Central City CU in Marshfield, Wis., elected to the board.
LOMBARD, Ill.–Raddon Financial Group, a provider of financial industry research and trends data, reported that it added 50 new financial institution clients in 2015, including 40 credit unions, seven banks and three other institutions.
MADISON, Wis.—Filene Research Institute announced that Summit Credit Union has signed up to participate in the Filene Impact Lab program, Larky.