WASHINGTON—Legislation has been introduced that would ensure residential mortgage loans held in portfolio by originators, such as credit unions, automatically attain the qualified mortgage safe harbor under the Consumer Financial Protection Bureau’s (CFPB) rules.
DENVER—The NCUA has won a victory in litigation against Barclays Capital with a ruling by the Tenth Circuit Court of Appeals that revives a suit that had been dismissed.
WASHINGTON—Several organizations will be backing an effort during CUNA’s Governmental Affairs Conference next week seeking to generate more comment on NCUA’s revised risk-based capital proposal, which is currently out for comment.
WINSTON-SALEM, N.C.—Piedmont Advantage Credit Union said a laptop containing information on members is missing, but at this point it has no information indicating that any of that information is being used or has even been accessed.
CUPERTINO, Calif.—Apple has released a list of 17 more financial institutions that have been approved to offer Apple Pay.
SEATAC, Wash.—Strategic Link, the wholly owned subsidiary of the Northwest Credit Union Association (NWCUA), and LEVERAGE, an affiliate of the League of Southeastern Credit Unions & Affiliates, have entered into a partnership to provide enhanced human resource services to Northwest credit unions.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services contends that social and technological advances are working uniquely to the advantage of credit unions—but only if they can “Seize the Now.”
FITCHBURG, Mass.—Workers' Credit Union continues to pay special dividends to members as part of its “GiveBack” program.
WESTBROOK, Maine—Shared branch activity in Maine was up by 25% during 2014, according to the Maine CU League.
ISSAQUAH, Wash.—Costco has announced that it will enter into a new co-brand credit card program with Citi, with Visa replacing American Express as the card network.
