Judge Declines To Dismiss CU’s Lawsuit Against Eddie Bauer 11/13/2017 07:59 pm SEATTLE–A federal judge here has declined to dismiss a lawsuit filed by Veridian Credit Union against Eddie Bauer over a data breach.
Two Credit Unions Name New CEOs 11/13/2017 08:00 pm MONROE, Mich.–Two credit unions have named new CEOs.
Less Than 6 Months Until Deadline To Comply With FinCEN CDD Rule 11/13/2017 08:00 pm WASHINGTON—Credit unions now have less than six months to come into compliance with the Financial Crimes Enforcement Network's (FinCEN) Customer Due Diligence (CDD) rule, effective May 11, 2018, reminded CUNA.
NCUA Should Adopt ‘Good Faith Efforts’ Exam Policy, NAFCU Says 11/13/2017 08:00 pm WASHINGTON—NAFCU has asked the NCUA to adopt a "good faith efforts" examination policy, similar to the CFPB, regarding compliance with the Home Mortgage Disclosure Act (HMDA) given the significant challenges the rule has created for credit unions.
Berger Presses DoJ To Do Something About ADA Lawsuits 11/13/2017 08:01 pm WASHINGTON—As frivolous lawsuits filed under the Americans with Disabilities Act (ADA) continue to mount, NAFCU President and CEO Dan Berger is urging the Department of Justice (DOJ) to move forward with proposed rulemaking to clarify the act's standards and protect credit unions from undue burdens.
Agenda Released For This Week’s NCUA Board Meeting 11/15/2017 08:13 am ALEXANDRIA, Va.—NCUA has released its agenda for this Thursday’s open board meeting and atop the list is voting on the agency's 2018 and 2019 budgets.
Taxi Medallion Lender Sees Another Decline In Asset Quality 11/13/2017 08:03 pm NEW YORK—Troubled taxi medallion loans caused a decline in asset quality at Progressive Credit Union during the third quarter of 2017, one analyst is reporting.
CUNA Lending Council Coverage: How to Boost Your Marketing Response Rates 11/13/2017 08:03 pm NASHVILLE–Shotgunning out mass marketing to credit union members is more than just inefficient, it misses the opportunity to effectively generate new business, according to one person who shared some advice for improving response rates to credit union promotions.
CUNA Lending Council Coverage: How To Quit Wasting Time In Cross-Selling Indirect Members 11/13/2017 09:04 pm NASHVILLE–Quit wasting time trying to sell a checking account to members who come to the CU through an indirect loan.
Heritage Trust FCU Leads 'Reality of Money' With Schools 11/13/2017 08:04 pm SUMMERVILLE, S.C.– Heritage Trust Federal Credit Union recently teamed up with area school districts to provide local high school students with its “Reality of Money” financial simulation.