Two long-time credit counseling services in California have merged operations from the Bay area to Bakersfield. BALANCE, based in Concord, Calif., announced Feb. 1 that it has completed a merger with Consumer Credit Counseling Service of Kern and Tulare Counties...
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?
Dodd-Frank Rollback Gets Rolling
The House Financial Services Committee will zero in this Congress on Dodd-Frank Act implementation, with a likely rollback of the law with the reintroduction soon of Rep. Jeb Hensarling’s Financial Choice Act, but hurdles remain in the Senate. Hensarling,...
Police: Fire Deliberately Set at CU Under Financial Investigation
A police investigator said a fire that occurred at a Washington credit union in March 2016 was deliberately set. A financial investigation is under way of the $3.3 million G H Woodworkers Federal Credit Union in Aberdeen, Wash., after “several unusual...
Hensarling to Trump: Fire Cordray Now
House Financial Services Chairman Jeb Hensarling (R-Texas) Tuesday called on President Trump to fire CFPB Director Richard Cordray as soon as possible. “Personnel is policy,” Hensarling said in an interview on Fox Business. He said he believes Trump has...
CMFG Ventures Invests in Anti-Fraud Startup
CUNA Mutual Group said Wednesday it has invested in a Chicago-based financial anti-fraud technology startup, participating in Rippleshot, Inc.’s $2.6 million Seed 2 round. KDWC Ventures was the lead investor in the funding for Rippleshot, which provides...
SECU Reaffiliates with Carolinas League
After disaffiliating from the Carolinas Credit Union League nearly three years ago, the board of directors of the $30 billion State Employees’ Credit Union in Raleigh, N.C., said Tuesday it voted to rejoin the Carolinas league. This follows SECU’s decision...