BOSTON–During a roundtable discussion here with credit unions from Massachusetts, Rhode Island and New Hampshire, NCUA board member J. Mark McWatters reiterated his call for continued dialogue and communication between the regulator and the regulated.
Fresh Today
ALEXANXDRIA, Va.—Following the loss of a flash drive full of member data by an NCUA examiner, the agency said it is forming a new team to investigate procedures and is mulling changes to data transfers.
ALEXANDRIA, Va.—NCUA has filed suit in federal court against U.S. Bank National Association and Bank of America National Association, alleging the banks violated state and federal laws by failing to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts.
ATLANTA—Non-mortgage U.S. credit balances in November climbed to $3.1 trillion, the highest level in more than five years, according to a new report.
WASHINGTON—The FDIC board has approved a 2015 operating budget of $2.32 billion, a decrease of 3% from this year’s budget.
CUPERTINO, Calif.—Apple said it has added several-dozen new financial institutions, including credit unions, plus new retailers to its Apple Pay e-commerce solution, which allows customers to buy things using their iPhones.
HOUSTON—Dorothy Cooper has filed suit against PrimeWay FCU here, claiming race, gender and age discrimination were factors in denying her a role with the executive management team.
MALVERN, Ark.—Tammy Passafiume has been named president/CEO of the $67-million Diamond Lakes FCU.
WASHINGTON—As the 113th Congress adjourns it has set aside $230.5 million for the Community Development Financial Institutions Fund (CDFIF) and $2 million for the Community Development Revolving Loan Fund (CDRLF) for fiscal year 2015.
ALEXANDRIA, Va.—NCUA has terminated its Published Letter of Understanding and Agreement, dated May 28, 2010, with Sperry Associates Federal Credit Union of Garden City Park, New York.