WASHINGTON—In 60 days the Federal reserve will offer additional insights into its reasoning for calculating transaction-monitoring costs in the base interchange fee calculation under its rule implementing the Durbin Amendment of the Dodd-Frank Act.
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SAN FRANCISCO–New research has been released that offers “10 time-tested personal financial principles that can transform digital banking.”
LUBBOCK, Texas – Armelinda Maria Castillo, 31, has been sentenced to serve 33 months in prison for misapplication of bank funds by a bank employee.
COSTA MESA, Calif.—A new study reveals that the number of new businesses started each year after the recession has decreased substantially.
BOSTON—A man here has pleaded guilty to a reduced charge following a sophisticated fraud that involved using a telephone to hack into a home equity credit line that belonged to a member of 360 FCU. The Journal-Inquirer reported the man, Gerald A. Burke, 23, who works at a fast food chain, was able to use the scam to steal $68,000 from the member.
MADISON, Wis.—The National Credit Union Foundation has named the 2015 winners of the Credit Union Development Education Awards.
WINNIPEG, Canada—Another attempt at resurrecting a merger between two credit unions has hit yet another roadblock.
ALEXANDRIA, Va.—NCUA has made changes to its consumer complaint handling process, noting that in instances where credit unions are unable to resolve a complaint within 60 days the agency’s Consumer Assistance Center (CAC) will intervene.
MEMPHIS, Tenn.—Another credit union employee has been kidnapped at home and forced to travel to the credit union to obtain funds for the crooks.
RANCHO CUCAMONGA, Calif. – CO-OP Shared Branch is now the third largest network of financial institution branches, having surpassed Bank of America in number of branch offices, the company reported.