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thumbnail_Evergreen Julia Leighton, Membership Development Associate

Julia Leighton

thumbnail_Evergreen Cassandra Mooers, Mortgage Loan Originator

Cassandra Mooers

Feature Bank CU Buys low res

Feature Bank CU Buys low res

ARLINGTON—If a credit union is hit with an overdraft class action lawsuit, what might it expect? As CUToday.info has reported, numerous credit unions have been hit with class action suits over their overdraft policies, including by law firms specializing in such suits. Now, NAFCU Vice President of Regulatory Compliance Brandy Bruyere is providing some high-level information to help CUs prepare in case the wave of overdraft suits impacts their organization.

WASHINGTON—NAFCU said it supports the Federal Reserve's decision to move forward with its real-time gross settlement (RTGS) service and is urging the Fed to accelerate its launch and explore improvements to existing settlement capabilities.