ALEXANDRIA, Va.—The Iowa Credit Union Division Friday was granted authority by the District Court to place SCICAP Credit Union of Chariton, Iowa, into receivership and then tendered the receivership to the National Credit Union Administration.
Fresh Today
ALEXANDRIA, Va.—Redeemer FCU Friday became the fourth new federally chartered credit union of 2015.
TUSCALOOSA, Ala.–The conservatorship of Alabama One Credit Union here has raised a number of new questions around the status of litigation the credit union had filed against high-ranking state officials, including the governor, especially since the action now means that the state regulator is both a defendant and, technically, a plaintiff in the lawsuit.
DES MOINES, Iowa –The Members Group is among the first group service providers in the U.S. to issue and complete live testing with EMV chip debit cards, the company reported.
MONTGOMERY, Ala.–Just two days after adding the state’s governor to a lawsuit it had filed alleging illegal and coercive activities at the highest levels of state government, the Alabama Credit Union Administration has placed Alabama One Credit Union into conservatorship.
SCHAUMBURG, Ill.—The difference between the average monthly payments for new and used vehicles reached its highest level on record, according to a new report.
SAN FRANCISCO—Fraud remains a serious danger in the U.S., but transactions wrongly declined due to suspected fraud — known as a “false positive” — may represent just as big a threat, according to one new analysis.
MERRITT ISLAND, Fla.–Launch FCU here is the latest to report problems with member debit card accounts that have resulted in thieves gaining access to account numbers and making fraudulent charges.
WASHINGTON—Perhaps not too surprisingly, the most-complained-about financial product or service is debt collection, according to the CFPB’s latest monthly consumer complaints snapshot.
BIRMINGHAM, Ala.—One payments expert questions if anyone is benefitting from the Durbin Amendment.