SYDNEY, Australia—U.S. CUs can look to Australia for possible answers to addressing the threat to loan portfolios from the new Silicon Valley lenders.
Fresh Today
LAWRENCEVILLE, Ga.–Used vehicles depreciated at a slightly faster pace in August than they did in July, according to Black Book, which still sees no signs of the used car bubble bursting in 2015.
MADISON, Wis.–What should credit unions be doing right now in the mobile channel?
IRVINE, Calif.—A new report shows that 759,000 properties regained equity in the second quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q2 2015 to approximately 45.9 million, or 91% of all mortgaged properties.
SCOTTSDALE, Ariz.—Retailers may have a new reason to beef up their data security standards—consumer class-action lawsuits.
VIRGINIA BEACH, Va.—Brian Schools has been named president and CEO of Chartway FCU.
PADUCAH, Ky.—Debra C. Pyfrom, the former manager of the International Brotherhood of Electrical Workers Local 816 Federal Credit Union, has pleaded guilty in U.S. District Court to a single charge of bank fraud.
ALEXANDRIA, Va.—As CUToday.info first reported, NCUA has settled with the Royal Bank of Scotland to resolve claims that it sold toxic mortgage-backed securities to the now-failed Southwest Corporate FCU and Members United Corporate CU.
NEW YORK–Royal Bank of Scotland Group PLC has agreed to pay $129.6 million to NCUA to resolve claims that it sold toxic mortgage-backed securities to now-failed corporate CUs.
ARLINGTON, Va.—Nearly half of CUs polled in a new survey indicate they are ready for the CFPB’s Truth in Lending Act and Real Estate Settlement Procedures Act (TILA/RESPA) integrated disclosure rules that go into effect next month.