SAN CARLOS, Calif.—One consulting group is proposing that a mobile payments council should be formed. The council would bring together all players in the mobile payments chain to level the playing field and bring more understanding and standards to a space that is evolving quickly.
WASHINGTON–Both NAFCU and CUNA are objecting to an announcement by the Consumer Financial Protection Bureau (CFPB) that it will now make public complaints by consumers against financial companies
ALEXANDRIA, Va.—NCUA has filed suit in federal court against HSBC Bank USA, National Association, alleging the bank violated state and federal law by failing to fulfill its duties as trustee for 37 residential mortgage-backed securities trusts.
WASHINGTON—The Consumer Financial Protection Bureau is seeking public comment on how the credit card market is functioning and the impact of credit card protections on consumers and issuers.
BOULDER, Colo.—Two CUs here have announced merger plans.
ORLANDO—A former employee of Fairwinds Credit Union here faces up to 30 years in prison after pleading guilty to embezzling more than $250,000.
CHICAGO—Three Chicago-area defendants, and a fourth defendant from Decatur, Ga., have been convicted of federal bank fraud charges for engaging in a scheme to fraudulently obtain 51 luxury automobile loans totaling approximately $1.6 million without ever intending that the borrowers would purchase the high-end cars that they claimed to be buying, according to the FBI.
ROSEBURG, Ore.—Bob Dempsey has been named as the new president/CEO of the $159-million Cascade Community CU here.
MADISON, Wis.—The World Council of Credit Unions and CUNA have announced two keynoters for the joint America’s CU Conference/World CU Conference, scheduled for July 12-15 in Denver.
WASHINGTON – Two long-serving Minnesota credit union presidents – Steve Ahlness and Bill Raker – have been inducted into the Credit Union House Hall of Leaders in recognition of their dedication to upholding the credit union mission.
