PITTSBURGH—Alex K. Philip, 30, of Hercules, Calif. Has pleaded guilty before a federal judge here over a nationwide auto loan fraud scheme uncovered by the Secret Service in 2013 and which claimed two Pennsylvania CUs among its victims.
Fresh Today
WASHINGTON—The Treasury’s Community Development Financial Institution (CDFI) Fund has now opened its 2015 funding round and has $151-million available to certified CDFIs.
HARRISBURG, Penn.—Twenty-two delegates from Kenya’s credit unions have wrapped up a trip to Pennsylvania, where they visited with CUs.
ARLINGTON, Va.—Just days after NCUA announced a second risk-based capital proposal is coming along with a new comment period, NAFCU is lobbying Congress to make sure it keeps the pressure on the agency.
ALEXANDRIA, Va.–NCUA yesterday shuttered Republic Hose Employees Federal Credit Union of Youngstown, Ohio, the eighth federally insured credit union the agency has liquidated in 2014.
EDEN PRAIRIE, Minn.—Two more companies are reporting data breaches—and for one of them it’s the second such occurrence.
SANTA FE, N.M.—Some credit unions in this state have sent letters to licensed medical marijuana producers in New Mexico saying they will no longer do business with them and will be closing their accounts.
MADISON, Wis.—CUNA Strategic Services and LendKey have entered into a partnership with Conservation Services Group for a program offering homeowners affordable loans for energy efficiency improvements.
BROOKFIELD, WIS. — Fiserv reported it has converted two large CUs to its DNA core processing platform. Moving to Fiserv were the $6-billion Randolph-Brooks FCU in Live Oak, Texas, and the $1.5 billion Navigant Credit Union in Smithfield, R.I.
COSTA MESA—Corporate executives are concerned about the effectiveness of their company’s data breach response, according to a new study on data breach preparedness released by Experian Data Breach Resolution and the Ponemon Institute.