Changes in consumer savings patterns highlight the overall digital money movement, according to the Austin, Texas-based Malauzai in a report highlighting both internal transfers and the external movement of funds. The mobile and internet banking provider’s...
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?
Alabama One Released From Conservatorship, Legal Troubles Remain
The Alabama Credit Union Administration said Wednesday it terminated the conservatorship of the $582 million Alabama One Credit Union, which has been at the center of widely publicized controversies and lawsuits since 2013. The Alabama regulator took control of the...
Trump Nominates Acosta as Labor Secretary
President Donald Trump wasted little time in naming R. Alexander Acosta on Thursday as his new Labor secretary nominee to replace Andrew Puzder, who withdrew from the nomination on Wednesday. Acosta, the only son of Cuban immigrants, is law...
A Texas-Sized Credit Union Merger
Two Texas credit unions, the $197 million Qualtrust Credit Union of Las Colinas and the $1 billion Texas Trust Credit Union of Arlington announced that their boards agreed to unite. The newly combined credit union will begin joint operations under the Texas Trust...
CFPB Wins New Chance to Defend Single-Director Power Structure
The full U.S. Court of Appeals for the D.C. Circuit will take a fresh look at a ruling that struck down the Consumer Financial Protection Bureau’s structure as unconstitutional, setting the stage for a legal fight that carries significant implications for the...
NCUA’s Four Permanent Funds Earn Clean Audit
The NCUA announced Thursday that its four permanent funds received unmodified, or “clean,” audit opinions for 2016, according to audited financial statements released by the Office of the Inspector General. According to a statement from NCUA, the...