Credit union leader testifies that "antiquated and arbitrary" lending caps are barriers to participating in SBA programs.
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Apple FCU Names New CEO
Andrew C. Grimm is named the new president/CEO of Apple Federal Credit Union.
Credit Unions Become Cops Under AML/BSA Rules
When it comes to enforcing the Bank Secrecy Act, credit union official says, "we are not law enforcement agents."
Potential Impacts on NCUA & CFPB by House Spending Measures
House Republican appropriators on Wednesday unveiled a FY2017 Financial Services spending plan that incorporates many provisions of the Financial CHOICE Act, including plans to make the NCUA and the CFPB subject to the appropriations process. The Financial Services...
Tampa Man Sentenced in CU Takeover-Illegal Bitcoin Operation
New court documents stemming from Tuesday’s sentencing of a Florida man revealed more than $60 million in ACH transactions was processed through a small New Jersey credit union that was commandeered to operate an illegal Bitcoin operation. Anthony Murgio of...
2017 Could Be Record Year for Fraud: CUNA Mutual Group
This year could set a record for fraud, according to a CUNA Mutual Group presentation given at CUNA’s America’s Credit Union conference in Las Vegas, on Tuesday. Robert Jarosinksi, who is a senior consultant for risk and compliance solutions at CUNA...