ALEXANDRIA, Va.—NCUA has issued prohibition orders against four people.
Fresh Today
DENVER-The Federal Reserve has told Fourth Corner Credit Union—chartered to serve this state’s marijuana industry—that it has not been approved for a “master account” that is needed to launch its operations. In response, the credit union has filed suit against the Fed.
PORTLAND, Ore.–NCUA plans to make a $300-million payment to the Treasury Department from the corporate stabilization fund.
ALEXANDRIA, Va.–A coalition of consumer groups is calling on NCUA to investigate what it said are “harmful, predatory private student loans to students at for-profit colleges made by federally chartered credit unions, federally insured state chartered credit unions, and credit union service organizations.”
MINNEAPOLIS–Financial institutions that are suing Target after its 2013 data breach, including credit unions, are now seeking additional information and are asking the court to require Target to disclose additional details around its security practices.
CLAREMONT, Calif.–Dr. James Likens has retired after 44 years as president of Western CUNA Management School at Pomona College here.
NORTON SHORES, Mich.–Kathryn Sue Simmerman, the longtime manager of Shoreline FCU in Norton Shores here, has admitted to the embezzlement of almost $2 million from the credit union's cash vault over a 13-year period, according to federal court documents.
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services has accepted an invitation to become part of the Clinton Global Initiative, which is led by former President Bill Clinton.
WASHINGTON–The Consumer Financial Protection Bureau has taken action against Residential Credit Solutions, Inc. for blocking consumers’ attempts to save their homes from foreclosure.
FRAMINGHAM, Mass.—Samsung is still shipping the most smartphones, but Apple sales continue to surge.