A divided U.S. Supreme Court on Monday ruled in a key Fair Housing Act case that Miami has standing to claim in court that it was harmed by the discriminatory lending practices of banks—but it must meet a high standard of proof to establish causation. The 5-3...
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?
NCUA Bans Five Former CU Employees
Five former credit unions employees, including two CEOS, convicted of embezzlement were banned from participating in the affairs of any federally insured financial institution, the NCUA said Friday. Theodore J. Longust, a former business relationship manager, was...
Proper Onboarding Can Prevent New Talent From Jumping Ship
A recent survey finds 28% of new hires are willing to quit their new jobs if they don’t find it satisfactory in the first 90 days. The study, by Robert Half & Associates, underscores the importance of appropriate onboarding strategies, says...
Chipotle & Auto Lending: Data Breach Impacts for CUs
Recent revelations show cybersecurity issues continue to plague financial institutions, businesses and consumers with the biggest potential breach possibly affecting some 550,000 to one million California auto loan company customers. Kromtech Security Researchers...
House CHOICE Act An ‘Insult to Working Families:’ Warren
In a preview of Senate Democratic opposition to the House Republican Financial CHOICE Act. Sen. Elizabeth Warren (D-Mass.) on Friday called the bill an “insult to working families.” “This bill doesn’t solve a single problem,” Warren...
Longtime CU Employee Pleads Guilty to Embezzlement
A 62-year-old Missouri woman, who worked for nearly three decades at the $30.1 million Shelter Insurance Federal Credit Union, pleaded guilty Thursday to embezzling more than $230,000 in U.S. District Court. Debra L. Wenger of Columbia, Mo., worked as a teller and...

