WASHINGTON—Following a rule related to field of membership proposed during the February NCUA board meeting, both credit union trade associations have now offered their feedback to the agency on where they would like to see changes made.
Fresh Today
COSTA MESA, Calif.–A new survey by J.D. Power finds many bank customers are reporting incidents of fraud are on the rise.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about needing to purchase add-on products to receive a loan.
WESTBROOK, Maine–Maine’s credit unions today will once again kick off their annual $100,000 Ending Hunger Challenge. The fourth annual initiative will run throughout June as part of Maine Credit Unions’ Campaign for Ending Hunger.
ALEXANDRIA, Va.– NCUA has issued a new prohibition order, permanently prohibiting the individual from ever again participating in the affairs of any federally insured depository institution.
RANCHO CUCAMONGA, Calif.–Co-op Solutions has released a new white paper that it said explores the connection between daily interactions and long-term growth.
NEW YORK– Inclusiv will host a webinar later this week for its member credit unions on NCUA grant “opportunities,” for the application that runs through June 30.
SAN FRANCISCO–The Justice Department is looking into whether anyone at the now failed First Republic Bank used inside information as a basis for stock transactions as the bank was falling apart.
NAPA COUNTY, Calif. — Redwood Credit Union has opened an 8.5-acre administrative campus and branch in south Napa County, Calif., where it intends to hire nearly 600 employees.
WASHINGTON—The Federal Trade Commission is sending payments totaling more than $557,000 to consumers who paid money to GDP Network, LLC, a Florida-based telemarketing company that promised credit card interest rate reductions and “regularly failed to deliver.”