The Trump Administration endorsed several provisions of House Financial Services Chairman Jeb Hensarling’s (R-Texas) Financial CHOICE Act on Tuesday, but made it clear that it considers the legislation as only the first step toward overhauling Dodd-Frank....
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?
Man Sentenced for Stealing CU Auto Loans
An Atlanta man was sentenced to two years in prison for setting up a fake business to steal car loans that cost more than $167,000 in losses for three Virginia credit unions. U.S. District Judge Arenda L. Wright Allen also ordered Sheldon Franklin last month to pay...
What CU Advisors Need to Know About the Fiduciary Rule
Independent registered advisory organizations — fiduciaries before the Obama-era Labor Department expanded the definition of fiduciary advice — are predicted to see a surge in demand under the conflict-of-interest rule, according to most industry...
Credit Unions Doing the Hard Things: Disruption ’17
Laura Woods, VP of marketing & community presence at 1st Financial FCU speaking at Disruption '17 by CU Water Cooler. “Credit unions are perfectly positioned for doing the hard things,” said Laura Woods, vice president of marketing and community...
Christian Community CU CEO to Retire
During Christian Community Credit Union’s 60th anniversary celebration, President/CEO John Walling said last week it’s time to retire after 45 years of service to the San Dimas, Calif.-based credit union. Walling will retire July 31. David Estridge, EVP,...
CUs Could Cash in on Apple’s Big Move Into P2P
Apple announced Monday at its Worldwide Developers Conference that its new mobile operating system, iOS 11, will allow users to make person-to-person payments directly through the instant messaging feature on their iPhones, iPads and Apple Watches. The move puts...