Brookfield, Wis.-based Fiserv announced Credit Sense, a new offering that allows members to monitor their credit score, and the rebranding of Raddon Financial Group to Raddon, a Fiserv company. Credit Sense, enables credit unions to meet member expectations for...
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?
Investors Flip for Bigger Gains, Online Lenders Play Growing Role
Investors are finding record profits flipping houses that are smaller and older than in the bubble heyday of 10 years ago, according to a report released Thursday by ATTOM Data Solutions. The Los Angeles real estate analytics firm found 193,009 home flips in 2016....
Undercover FBI Agents Posing as CU Loan Officers Arrest Georgia Man
FBI special agents working undercover as credit union loan officers arrested a Georgia man Monday who allegedly used a fake ID to apply for a car loan at the $377 million Kinetic Federal Credit Union in Columbus, Ga. Retired FBI special agent Randall Allen, who works...
Speedy Confirmation Won’t Mean Quick Action on DOL Fiduciary Rule
Industry officials anticipate a quick confirmation of R. Alexander Acosta to be the next secretary of Labor after his March 15 confirmation hearing before the Senate Health, Education, Labor and Pensions Committee. Following next week’s hearing,...
Credit Unions Build Personal Lending Relationships
Business lending is one of the fastest areas of growth for credit unions, but veterans of the sector say that the key to success is focusing on the broad needs of members, not just building a bigger loan portfolio. Much of the growth in business lending has occurred...
Trump Administration Signals Opposition to CFPB in PHH Suit
The CFPB is likely to be on its own when it attempts to defend its current structure before a federal appeals court this Spring, according to recent developments in a lawsuit filed against the agency. The U.S. Court of Appeals for the District of Columbia has granted...