National Federation of CDCUs Launches Multi-Year Research Effort Around Social Inclusion 06/03/2018 05:03 pm NEW YORK—The National Federation of Community Development Credit Unions (Federation) announced a multi-year research effort designed to inform the credit union and community finance industries of the social and business opportunities related to financial inclusion.
Wells Fargo Ordered To Pay Nearly $100M To Workers Not Paid Enough For Breaks 05/22/2018 08:08 pm SAN FRANCISCO–Wells Fargo has been ordered by a federal judge to pay $97.3 million in damages to mortgage workers in California who weren't paid enough for their breaks.
New Crypto Index Launched By Bloomberg, Partners 05/22/2018 08:09 pm NEW YORK–Bloomberg, together with Galaxy Digital Capital Management LP, has launched the Bloomberg Galaxy Crypto Index (BGCI).
Two Credit Unions Cancel Merger Plans 06/03/2018 05:03 pm RICHMOND, Va.–The $75-million Entrust Financial Credit Union here said it will not move forward with a planned merger with California-based Christian Community Credit Union.
Hard Lesson: 2 Defendants in Student Debt Relief Scam Settle Charges 06/03/2018 05:03 pm WASHINGTON—The defendants in two student loan debt relief cases have agreed to settle Federal Trade Commission claims that they charged consumers illegal upfront fees and falsely promised to help reduce or forgive student loan debt burdens.
Many Credit Card Redesigns Feature A Radical Change 05/22/2018 08:09 pm NEW YORK—Credit unions that are considering a redesign of their credit cards might want to consider putting the account numbers on the back.
Starbucks’ Loyalty Program, Mobile Volume Seeing Some Venti Numbers 05/22/2018 08:10 pm SEATTLE—Starbucks announced that both its loyalty program and mobile transactions saw hefty growth in the second quarter of its fiscal year.
Deadline Approaching For Comment On 2 BCFP Requests For Information 06/03/2018 05:04 pm WASHINGTON—Comments on the final few Bureau of Consumer Financial Protection Requests for Information, as well as on the Federal Communication Commission’s reassigned numbers proposal, are due in June.
American 1 Now Presenting Sponsor For Hot Air Balloon Jubilee 05/22/2018 08:19 pm JACKSON, Mich.–American 1 CU here has become the presenting sponsor for the 2018 Hot Air Jubilee, set for July 20-22 at Ella Park and expected to feature more than 25 balloonists from across the state of Michigan.
Telco Plus Credit Union Names New CEO 06/03/2018 05:04 pm LONGVIEW, Texas–Telco Plus Credit Union has named a new CEO. Effective June 11, the $65-million TPCU said Randall Pearson will lead the organization.
