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GLENDALE, Calif.—Clearpath FCU has filed suit against its former CEO, John Lee, for more than $136,000 for allegedly taking out three car loans and two personal loans without intending to pay them back.

GRAND RAPIDS, Mich.–To encourage use of the marketing materials for its 2017 Mobile Banking Contest, CU*Answers has announced it will hold a separate “Share & Win” contest for participating credit unions.

EL SEGUNDO, Calif. ─ Xceed Financial Credit Union injected some friendly competition into its recent food drive and in the process far exceeded its own expectations for the holiday charitable activity, donating a total of more than 10,000 canned goods and other food items.

PURCHASE, N.Y.—Mastercard said it expects to launch its "selfie" function to verify online transactions in Singapore and parts of Asia in 2017.

GRAND RAPIDS, Mich.–CU*Answers has launched a new automated ACH posting tool for its self-processing credit union data centers.

LAWRENCEVILLE, Ga.—Moves by the Fed to increase rates as often as four times in 2017, as some analysts are projecting, could slow down new car purchases among subprime borrowers, asserts Black Book.

LEVALLOIS-PERRET, France—The rapid rise of card not present fraud is building a business case for a new type of plastic that its developer claims can reduce online card fraud by 85%.