WASHINGTON— The Consumer Financial Protection Bureau has ordered $171-billion Navy Federal Credit Union to pay more than $95 million for charging illegal overdraft fees, the agency reported.
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MIAMI—Credit card users will save roughly $1.87 billion in interest over the next 12 months if the Fed cuts its target rate by 25 basis points today, according to analysis from WalletHub.
WASHINGTON—With Donald Trump defeating Kamala Harris to become the 47th president of the United States, credit unions should be paying close attention to those appointed by Trump to head the various committees, one political expert is saying.
WASHINGTON—What should credit unions learn from VyStar’s troubled rollout of its new online and mobile banking platforms? According to experts—vendor management processes are now subject to UDAAP rules.
DALLAS—Credit unions that priced loan and deposit rates appropriately over the past two years are in the best position to capture more business if rates decline, ALM First says.
WASHINGTON—How ready are credit unions to fight a new wave of fraud driven by generative AI?
BOOVILLE—With Halloween here, tricksters are out with a bag full of scams ready to victimize even the most vigilant credit union member, warns QR Code Developer, which provides advice CUs’ can share with staff and account holders to avoid being ensnared in an evil trap.
PLANO, Texas—Lenders continue to take greater risks to keep the mortgage pipeline full—such as 40-year terms and 0% down—and one economist is urging them to rethink these approaches.
ROANOKE, Va.—Is an answer to the succession planning problem at small credit unions creating “co-CEO” positions?
LAKE FOREST, Ill.—With all the change happening within the overdraft market, what are most financial institutions doing when it comes to this member service that has come under fire from Washington, consumer groups and the media?