New Home Sales Slide Again In February Amid… 03/26/2018 07:53 pm ARLINGTON, Va.—New-home sales decreased for the third straight month in February, falling 0.6% from January. However, sales were up 0.5% from a year ago.
Judge OK’s $27-Million Payment To Workers At Wells Fargo 03/19/2018 07:49 pm OAKLAND, Calif.—A California judge said she’ll approve Wells Fargo Bank $27.5 million settlement resolving a consolidated action brought by the bank’s hourly Golden State bankers and sales representatives, who claim they were required to work more than 40 hours a week without overtime pay and were shorted meal breaks.
Should Big Banks Be Broken Up? One Fed President Thinks It Needs to Be Discussed 03/26/2018 07:53 pm NEW YORK–A former Treasury Department official who helped oversee the bailouts of big banks a decade ago who is now a regional president of a Fed bank is proposing those same big banks be broken up.
WOCCU Shares Examples Of CU Insurance Schemes With Int’l Association of Deposit Insurers 03/19/2018 07:50 pm MADISON, Wis.–The World Council of Credit Unions is urging the International Association of Deposit Insurers to look to credit union insurance funds around the world as it seeks comment on its draft research paper “Deposit Insurance Fund Target Ratios.”
Labor Dept. Rule On Fiduciaries’ Responsibilities Is Struck Down 03/19/2018 07:50 pm NEW ORLEANS—In a 2-1 ruling, the 5th Circuit Court of Appeals has struck down the Labor Department's fiduciary rule that requires investment advisors to act in the best interests of clients.
Home Building Declines During February Larger Than Expected 03/19/2018 07:51 pm WASHINGTON–U.S. homebuilding declined more than had been expected during February, primarily due to a downturn in the construction of multi-family housing units that offset a second straight monthly increase in single-family projects.
Something To THINK About: ‘Race To Excellence’ Kicks Off May 7 03/26/2018 07:54 pm RANCHO CUCAMONGA, Calif.–“The Race to Excellence” kicks off May 7 as host Jean Chatzky of NBC’s Today Show joins swimming champion Michael Phelps and a diverse, insightful lineup of speakers at CO-OP’s THINK 18, the company said.
KCUL Names Painter President/CEO 03/19/2018 07:53 pm LOUISVILLE, Ky. — The Kentucky Credit Union League has named Debbie Painter its new president and CEO, effective Jan. 1, 2019.
Here’s What 72,000 People Told Consumer Reports About Banks, CUs And More 03/26/2018 07:55 pm YONKERS, N.Y.–Americans remain more satisfied with the credit unions and online banks than they do traditional banks–but they are generally happy with the latter, as well.
Wright Patman Congressional FCU Names New CEO 03/19/2018 07:54 pm OAKTON, Va.–The $932-million Wright Patman Congressional FCU has named a new CEO. The credit union has selected Sean Zimmerman to lead the organization, replacing Tony Caccese, the CFO who has been acting as interim CEO.
