NCUA Bans 7 People From Credit Unions 07/31/2019 09:02 pm ALEXANDRIA, Va.–NCUA has issued two prohibition orders and five prohibition notices, meaning all seven people are prohibited from participating in the affairs of any federally insured financial institution.
Dollar Associates Hosting Webinar on CFPB’s Proposed Debt Collection Rule 08/10/2019 12:00 pm BIRMINGHAM, Ala.–Dollar Associates will host a free webinar on Aug.14 titled“Understanding the Proposed New CFPB Debt Collections Rule.” The webinar is scheduled for 3:00-4:00 p.m. ET.
One Attitude 'Speaks Volumes 08/10/2019 12:00 pm CHICAGO–Growing pains occur anytime someone starts a new job, but just how long are managers supposed to wait for that new hire to find their groove? And what if they never find it?
Redstone FCU Announces $3 Million Contribution to New School of Cyber Technology & Engineering 07/31/2019 09:02 pm HUNTSVILLE, Ala.–Redstone Federal Credit Union has announced a $3-million contribution to support theconstruction and establishment of the new Alabama School of Cyber Technology and Engineering. It is the largest contribution to the school’s foundation to date. It will be paid out over 10 years.
A Big Change In Banking Is Coming 08/11/2019 03:48 pm TAMPA, Fla.—Global fifth-generation cellular wireless, better known as 5G, is going to have a big impact within financial services–including in one way that will be “counterintuitive” to many CUs, according to the experts.
Digital Currencies Could Replace Cash, IMF Says in Report 08/01/2019 09:07 pm WASHINGTON—The International Monetary Fund (IMF) in a new report says digital currencies could replace traditional cash and bank deposits, citing the rapid rise in adoption of cryptocurrency.
Suit Over Failed CBS Employees FCU Targets Ex-Board, Supervisory Committee Members 08/13/2019 07:47 am STUDIO CITY, Calif.–A class action lawsuit that is seeking at least $40 million in damages has been filed against former members of the board and the supervisory committee of the now defunct CBS Employees FCU, which was conserved by NCUA earlier this year amid allegations the former CEO had embezzled funds that were twice the reported asset size of the credit union.
48 More People Graduate from CUES’ Governance Leadership Institute 08/01/2019 09:07 pm MADISON, Wis.—CUES announced 45 credit union board members and executives have completed its Governance Leadership Institute held at the University of Toronto’s Joseph L. Rotman School of Management.
Senate Passes $1.37-Trillion Budget Deal 08/02/2019 08:20 am WASHINGTON—Lawmakers in the Senate have passed the two-year $1.37-trillion budget deal before heading home for the August recess.
Member One FCU Appointments Three People To Its Board 08/13/2019 08:35 am ROANOKE, Va.--Member One Federal Credit Union has made three appointments to its volunteer Board of Directors: Penny Hodge, Director; Kim Blair, Associate Board Member; and Tyler Caveness, Associate Board Member.
