Fresh Today

Fresh Today

WASHINGTON—The nation’s non-financial cooperatives, which hold about $300-billion in assets, are pledging to work with credit unions in a new initiative aimed at cross promoting membership, sharing space, and bringing their deposit and loan business to CUs.

ARLINGTON, Va.—NAFCU is supporting the CFPB’s recent efforts to reduce the regulatory burden on FIs. The trade association sent a letter Friday to the bureau that backs the CFPB’s proposal to temporarily suspend card agreement submissions to the agency (CFPB To Reduce FI Reg Burden).

WASHINGTON—The number of credit unions signed up for CUNA’s new Member Appreciation Program (MAP) is now 65, according to Senior Vice President of Political Affairs Richard Gose.

WASHINGTON—A U.S. district court has permanently barred the ringleader of a multi-million dollar fraud that targeted seniors from all telemarketing activities, agreeing with the Federal Trade Commission’s allegations that he illegally withdrew money from U.S. consumers’ accounts and funneled it across the border to Canada.