WASHINGTON–With Congress out for its August recess CUNA said it and its state leagues have shifted their focus to the states and districts, with a special emphasis on the proposed Credit Card Competition Act and the value of interchange.
Fresh Today
WASHINGTON– CUNA and NAFCU have issued a joint statement in response to the Community Development Financial Institution (CDFI) Fund’s Community Development Advisory Board’s Final and Approved CDFI Certification Recommendations, which were adopted on July 31.
WASHINGTON—The Independent Community Bankers of America (ICBA), the Independent Bankers Association of Texas (IBAT), and Texas First Bank have filed a motion and complaint calling on a federal court to declare that the Consumer Financial Protection Bureau’s Section 1071 final rule is invalid and unenforceable and are seeking preliminary and permanent injunctive relief.
MADISON, Wis.—In conjunction with the 75th anniversary of International Credit Union Day this year, the Worldwide Foundation for Credit Unions (WFCU) has announced a major fundraising drive, calling on credit union employees, members and advocates to help raise $750,000 in 75 days.
WINSTON-SALEM, N.C.– Piedmont Advantage Credit Union (PACU) has issued a statement cautioning businesses that process debit card payments as credit card transactions to not surcharge their customers, noting federal law prohibits the practice.
PASADENA, Calif.–The former Parsons Federal Credit Union here has begun to operate as Skyla Credit Union after completing its data conversion following a cross-country merger.
ENGLEWOOD, Colo.–As the world goes through one of its hottest summers in history, a six-year-old credit union chartered to serve the clean energy industry said it is working to create partnerships aimed at helping underserved households invest in ways to save energy.
NEW HAVEN, Conn.–The former president of a credit union has been sentenced to more than a year in jail and ordered to pay additional restitution after being found guilty of embezzlement.
SAN FRANCISCO–Wells Fargo is again dealing with issues related to phony bank accounts—but this time with a twist.
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) is demanding that Unbanked, Inc. (Unbanked) of Alpharetta, Ga., as well as certain of the company’s officers, cease and desist from making false and misleading statements about FDIC deposit insurance and to immediately correct these statements.