DUBLIN, Calif.–With its systems still down following a ransomware attack, two class action lawsuits have been filed against Patelco Credit Union.
Fresh Today
WASHINGTON–The Senate has released the 2025 National Defense Authorization Act (NDAA) without including any provisions to amend the Federal Credit Union Act (FCUA) for share insurance coverage for deposits.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.2 points in June to 72.6, rebounding from a dip in May and returning the index nearer the plateau it set earlier this year.
WASHINGTON—Federal regulators—including the NCUA and CFPB—have released their Spring 2024 Unified Agenda of Regulatory and Deregulatory Actions, which suggest the potential timelines for upcoming agency actions.
WASHINGTON—In a letter to the Senate, America’s Credit Unions expressed its “strong” opposition to the Federal Reserve’s debit interchange proposal in a letter to the Senate Banking Committee.
DUBLIN, Calif.–Although it’s the question it’s getting most frequently from its members, Patelco Credit Union said it still can’t provide a date for when online services will be restored as it seeks to recover from a ransomware attack. But it close to halfway there, the credit union said.
ST. PETERSBURG, Fla. – Velera said it has launched a credit union-focused partnership with 3DE by Junior Achievement that will operate under the “Credit Unions Nationwide,” With Velera as the lead sponsor for this case study, it has partnered with 14 credit unions in six U.S. cities – Atlanta; Tampa; Houston; Kansas City; Minneapolis; and Cedar Rapids, Iowa.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has taken action against “repeat offender” Fifth Third Bank for what it alleged are a range of illegal activities that will result in the bank paying $20 million in penalties in addition to paying redress to approximately 35,000 harmed consumers, including about 1,000 who had their cars repossessed.
ALEXANDRIA, Va.–NCUA’s Office of Inspector General (OIG) has released a new report that examines the effectiveness of the agency’s scheduling of examination hours.
ALEXANDRIA, Va.—NCUA has extended the deadline for applying for 2024 Community Development Revolving Loan Fund grants to July 12.