NewGround Appoints Mitchell Site Foreman 07/31/2019 01:41 pm CHESTERFIELD, Mo.--NewGround recently appointed Kevin Mitchell to Site Foreman for the ongoing Logix Federal Credit Union project in Valencia, Calif.
MIT FCU Names Interim CEO to Replace Long-Time Leader Brian Ducharme 08/07/2019 07:58 pm CAMBRIDGE, Mass.–Nancy Fales has been named interim CEO of MIT FCU here, replacing Brian Ducharme, who has retired after leading the credit union for 18 years.
NewGround Appoints Halbac Staff Accountant 07/31/2019 01:49 pm CHESTERFIELD, Mo.-NewGround has appointed Adriana Halbac to Staff Accountant for the Chicago office.
Suspected Operator of Defunct Exchange Indicted on 19 Counts 08/07/2019 08:01 pm SANTA ANA, Calif.—U.S. prosecutors have indicted the defunct exchange BTC-e and its suspected operator, Alexander Vinnik, for civil penalties of more than $100 million.
Use of Alternative Credit Data for Underbanked Leads to 30% Increase in Loan Approvals, Reports CFPB 08/07/2019 08:01 pm WASHINGTON–The use of alternative credit data for underbanked consumers has led to nearly 30% more loans being approved, according to a CFPB program that has been testing digital platforms.
Numerous States Launch Investigations of Payroll Advance Industry 08/07/2019 08:02 pm NEW YORK – The New York Department of Financial Services is leading a multistate investigation into the payroll advance industry and allegations of unlawful online lending.
Garden Savings FCU Golf Tourney Raises $20,000 07/31/2019 02:02 pm PARSIPPANY, N.J.–Garden Savings Federal Credit Union raised $20,000 for two local charitable groups at its 9thAnnual Golf Outing.
Credit Union 1 Discontinues Pilot Program to Serve Cannabis Businesses 08/07/2019 08:02 pm ANCHORAGE, Alaska–Credit Union 1 is reporting it will discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses.
Fed Votes to Cut Rates; Chairman Clarifies Remarks 07/31/2019 04:42 pm WASHINGTON–As many had expected, the Federal Open Market Committee has cut rates by 25 basis points to a target rate for the federal funds rate of 2% to 2.25%.
