WASHINGTON—The credit union trade groups aren’t taking sides in the spat between NCUA Chairman Debbie Matz and Board Member Mark McWatters, instead using the opportunity to reiterate their support for public hearings to be held on the agency’s budget.
CEDAR FALLS, Iowa—Hillary Rodham Clinton was critical of Republican efforts to overhaul Dodd-Frank Act during an event here.
ALEXANDRIA, Va.–In its 2015 annual report, the Financial Stability Oversight Council has included a recommendation that NCUA and the Federal Housing Finance Agency be given authority to supervise third-party service providers that do business with CUs.
WASHINGTON—Visa said it will increase the reimbursement levels for its card-issuing banks when they reissue cards following a data breach, according to the American Bankers Association.
EDWARDSVILLE, Ill.—Former NFL standout Dave Butz and a St. Louis man are suing Scott CU alleging consumer fraud involving millions of dollars.
WASHINGTON—The CFPB Tuesday filed a complaint and proposed consent order in federal court against PayPal, Inc. for illegally signing up consumers for its online credit product, PayPal Credit, formerly known as Bill Me Later.
NEW YORK—New York’s state banking regulator has indicated his agency will be proposing a number of new regulations and guidelines related to cybersecurity.
WASHINGTON—Noting that the CARD Act has added to the CU regulatory burden and made it more expensive for CUs to operate credit card programs, NAFCU and CUNA are urging the CFPB for regulatory relief.
LARGO, Fla.—A Grow Financial FCU member put his mixed martial arts skills to good use, thwarting an attempted robbery at one the credit union’s offices.
DES MOINES, Iowa—The Members Group and its sister company, TMG Financial Services, each were recognized by the Iowa Chapter of the American Marketing Association for excellence in results-driven marketing campaigns.
