OAK RIDGE, Tenn.—Two credit unions here are using their respective CUSOs to launch a new title company.
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WASHINGTON—The Consumer Financial Protection Bureau sued Dallas-based Union Workers Credit Services for allegedly deceiving consumers into paying fees to sign up for a “sham” credit card.
BATON ROUGE, La.—E Federal Credit Union is changing its name to EFCU Financial effective in March 2015.
DES MOINES, Iowa — Through Sept. 30, Iowa’s credit union’s posted annual loan growth of 13.5%.
DENVER – LenderLive Network, and end-to-end mortgage services provider, said that New York-based Aquiline Capital Partners LLC has signed a definitive agreement to become the majority investor in the company.
ALBANY, N.Y.—New York Gov. Andrew Cuomo has signed into law legislation that will allow state-chartered credit unions to combine select employer groups, associational and community groups into a single field of membership.
LUBBOCK, Texas—John Tippets has been named president and CEO of the $227-million Alliance FCU here.
WASHINGTON—Minutes released from the October meeting of the Federal Open Market Committee suggest that economic activity is expanding at a moderate pace and that a 0 to 25 basis point target range for the federal funds rate will remain in place for “a considerable time.”
NEW YORK—A new survey indicates that the national consumer default rates continue to rise. According to the S&P/Experian Consumer Credit Default Indices data through November, the national composite default rate stood at 1.07%, up one basis point from October 2014.
ALEXANDRIA, Va.–NCUA is reminding low-income credit unions interested in providing staff training or hiring interns in 2015 to consider applying for the first round of technical assistance grants from the National Credit Union Administration.