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WASHINGTON—Both NAFCU and CUNA are concerned for credit unions over the Department of Labor’s final overtime rule.

BOSTON—Following a report published by bankers in Massachusetts that questioned whether credit unions were taking advantage of a “loophole” that poses a risk to safety and soundness, NAFCU has responded by saying that the study does not even merit consideration.

MINNEAPOLIS–MEMBERS Development Co. said it is making it easier to engage visitors with the launch of a new website. 

ST. CLOUD, Minn.– St. Cloud FCU has launched a new community recognition program: ChangeMakers: Giving back to those who make a difference.

WASHINGTON — The Consumer Financial Protection Bureau (CFPB) took action to halt a student loan debt relief scam that illegally tricked borrowers into paying fees for federal loan benefits and misrepresented to consumers that it was affiliated with the Department of Education.

RUNCORN, Cheshire, U.K.–Halton Credit Union (HCU) said its members received a 2% dividend on their savings during the last financial year. 

WASHINGTON—Mortgage applications decreased 3.4% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 29, 2016.

RANCHO CUCAMONGA, Calif. – A total of $105,000 was raised in donations to Children’s Miracle Network Hospitals at the THINK 16 Conference held last week in the San Diego area, including $75,000 from Transaction Network Services, Inc.

ARLINGTON, Va.—The Financial Crimes Enforcement Network’s final rules on customer due-diligence under the Bank Secrecy Act are scheduled to publish in the Federal Register Wednesday, and contain the applicability date for covered financial institutions of May 11, 2018.

SAN FRANCISCO–NAFCU today will kick off its 2016 Board of Directors and Supervisory Committee Conference here at the Hyatt Regency.