WASHINGTON— Litigation tied to the alleged $328-million Goliath Ventures cryptocurrency fraud is widening, with two new proposed federal class actions accusing Bank of America and New Jersey-based Broad Financial of helping funnel investor and retirement money into what prosecutors say was a Ponzi scheme run by Goliath founder Christopher Alexander Delgado.
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CLEARWATER, Fla.— The $599.4-million Floridacentral Credit Union has secured naming rights to the top-tier VIP hospitality space at The BayCare Sound, with the venue’s premium lounge now branded the “Floridacentral Credit Union View” as part of the waterfront entertainment destination’s Elevated Sound Experience, the CU announced.
MADISON, Wis.— March 26, 2026 —Thirty-six emerging leaders from across North America have been selected to participate in the 2026 CUES Emerge competition, CUES announced.
WASHINGTON—The Defense Credit Union Council Thursday sent a letter to both the House and Senate Budget Committees’ leadership regarding ongoing discussions around a potential “Reconciliation 2.0” package, urging lawmakers to exclude any consideration of changes to the longstanding federal tax status of credit unions.
MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.38% this past week, Freddie Mac reported.
WASHINGTON – Homebuyer affordability improved in February, with the national median payment applied for by purchase applicants decreasing to $2,061 from $2,070 in January, according to the Mortgage Bankers Association's Purchase Applications Payment Index (PAPI).
WASHINGTON— Sen. Tom Cotton (R-AR) has introduced legislation that would bar immigrants in the country illegally from opening or maintaining accounts at U.S. financial institutions, including federally insured credit unions, according to Cotton’s office.
NEW YORK— A federal judge in New York has allowed key contract claims to move forward in a proposed class action accusing UBS Financial Services Inc. of steering customers’ uninvested cash into low-yield “cash sweep” accounts, while dismissing only one duplicative unjust-enrichment claim, according to Bloomberg Law.
WASHINGTON— The Financial Stability Oversight Council on Wednesday unanimously approved proposed guidance that would make it harder to designate nonbank financial companies for enhanced Federal Reserve supervision, restoring a more restrictive framework that places a strong emphasis on addressing risky activities across markets before singling out individual firms, according to American Banker and the Treasury Department.
SCRANTON, Pa.—A former employee of the now-defunct W.O.D. FCU has been sentenced to eight months in prison after admitting she stole more than $16,000 from the small $2.5-million Pennsylvania credit union and then falsely reported it as an armed robbery, according to WBRE.