FFCU’s Refi Campaign Offers Cash To Cities If Goal Is Met 08/11/2015 08:39 pm OKLAHOMA CITY, Okla.—Focus FCU is donating $10,000 to three local communities as part of a loan refinancing campaign called REFITRI.
Judge Dismisses Proposed $75-Million Settlement in American Express Lawsuit 08/05/2015 08:55 pm NEW YORK–A federal judge has rejected a proposed $75-million class action settlement between American Express and a group of retailers, ruling that one of the attorneys involved had engaged in “egregious conduct.”
E-Closings Help Clarify Complications Around Mortgages, Says CFPB 08/05/2015 08:56 pm WASHINGTON—A new report indicates that borrowers can benefit from electronic closings when navigating the often-complicated mortgage closing process.
ACIPCO Credit Union CEO Drowns; CU Closed Today For Services 08/11/2015 09:09 pm DADEVILLE, Ala.–Funeral services will be held today for James Michael (Mike) Harrell, 61, the CEO of ACIPCO Credit Union, who drowned after suffering an apparent heart attack while swimming in Lake Martin here.
Law Professors Say CFPB’s Study Of Financial Arbitration Agreements Has ‘Substantial’ Flaws 08/11/2015 08:39 pm FAIRFAX, Va.–The Consumer Financial Protection Bureau’s recent report on arbitration agreements used by financial services providers contains “substantial methodological flaws and does not support a ban on arbitration clauses in consumer credit contracts,” according to a new study.
CUNA Files Amicus Brief In Suit Over Card Surcharges 08/05/2015 08:56 pm WASHINGTON–CUNA has filed an amicus brief in the U.S. Court of Appeals for the Fifth Circuit arguing that allowing merchants to add additional surcharges to credit card transactions would allow merchants to shift the cost of these payments, known as interchange fees, to consumers.
Senate Amendment Would Give NCUA Authority Over Third-Party Vendors; Trades Object 08/06/2015 09:07 am WASHINGTON—NAFCU, CUNA and NACUSO are all urging the Senate to oppose an amendment that has been proposed that would give NCUA the authority it has been seeking to regulate and examine third-party providers to credit unions.
