WASHINGTON—Credit reporting agencies need to do a better job of cleaning up inaccurate information on consumers’ credit reports, according to a new study from the Federal Trade Commission.
Fresh Today
TUSCALOOSA, Ala.—Two people, one a former board member the other a former employee, are seeking to gain sufficient member signatures to challenge for board seats at Alabama One Credit Union.
WASHINGTON—A group of financial industry trade associations, including CUNA, NAFCU and the American Bankers Association, has sent a joint letter to Congress regarding data security.
GERMANTOWN, Penn.—The $273-million Mid-Atlantic FCU has named Andrew P. Russell as its new president/CEO. Russell replaces Rick Wieczorek, who departed in mid-2014 to become CEO of the $548-million National Institutes of Health FCU in Rockville, Md.
WASHINGTON—Tom Ridge, the first secretary of the U.S. Department of Homeland Security, will be a keynote speaker at the 2015 CUNA Governmental Affairs Conference in March, the trade association said.
ST. LOUIS—A retailer has won a court ruling against a payments processor and a merchant bank, with a $500,000 cap set on how much it must pay for a POS breach the company suffered in 2012.
ALEXANDRIA, Va.–Of the 47 federally insured credit unions filing late Call Reports in the third quarter, 31 have been assessed civil money penalties by the NCUA.
LENEXA, Kan.—CommunityAmerica Credit Union is paying a bonus divided to members of $6 million.
SAN FRANCISCO—A new report outlines what it calls a “market-sizing for the bill payments business,” and includes strategies for upgrading and marketing bill payment services to win over “four critical segments.”
SILVER CITY, N.M.—Members of Chino Federal Credit Union will soon vote on whether to merge into First Financial Credit Union in Albuquerque.