WASHINGTON—NAFCU, CUNA, and the American Association of Credit Union Leagues (AACUL) have filed a joint amicus brief to the Supreme Court challenging the constitutionality of the CFPB's funding structure.
Fresh Today
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $100 million to customers for systematically “double-dipping” on fees imposed on customers with insufficient funds in their account. The Bureau said the bank deliberately withheld reward bonuses explicitly promised to credit card customers, and misappropriated sensitive personal information to open accounts without customer knowledge or authorization.
MILWAUKEE, Wis.– QuantyPhi, a CUSO that provides balance sheet optimization solutions, has launched a Liquidity Framework Review service.
WASHINGTON–The Independent Community Bankers of America (ICBA) is reacting positively following remarks by Federal Reserve Vice Chair for Supervision Michael Barr on pending regulatory capital rules.
GLENDALE, Calif.–California Credit Union said it has been given the OK by regulators to significantly expand its field of membership in Southern California to serve San Bernardino and Ventura counties.
MADISON, Wis.–Ukrainian credit unions have now issued more than 1,000 loans through the $1 million USAID/Worldwide Foundation for Credit Unions’ (WFCU) Liquidity Fund, according to the World Council of Credit Unions.
ST. LOUIS–Together Credit Union has entered into a partnership with Roman Bürki, the goalkeeper and first-ever captain for Major League Soccer’s St. Louis CITY SC.
BROOKFIELD, Wis.– Fiserv is reporting its financial institutions clients have been able to reduce fraud losses, improve internal processes and enhance the consumer experience with the implementation of two new capabilities.
TAMPA, Fla.–Trellance is reporting it has entered into a partnership with LEVERAGE Payment Solutions.
WASHINGTON—The CUNA Finance Council has announced its board election results, as well as its new officers.