A former branch manager and loan officer admitted Monday to defrauding nearly $1.5 million from an Alabama credit union and manipulating credit scores or overinflating the value of vehicles to approve more than 250 car loans. Jennifer Leigh Arnette of Enterprise,...
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?
Wells Fargo Data Fiasco Raises Red Flags, Demands Serious Change
Legal analysts, consultants and others are reacting to the news that an attorney working with Wells Fargo shared private information tied to more than 50,000 clients and advisors with a former Wells Fargo advisor. Though the bank insists the leak of...
A Market with ‘Zero Regulation’: Experts Disagree on Regulator Role in Cryptocurrency
L to R: Joshua Klayman, co-chair of Morrison & Foerster’s Blockchain + Smart Contracts Group; Jae Kwon, co-founder, All in Bits, Cosmos, and Tendermint; Nick Chirls, founder & partner, Notation Capital; Subhankar Sinha, Co-Founder, PwC’s Global...
NCUA Reorganization Recognizes Consolidation, New IT Capability
Credit union stakeholders commended the NCUA Monday for adopting a reorganization plan that acknowledges the consolidation of the industry, while also recognizing how technology can make supervision much more efficient. “The moves are long overdue and are...
Consumers Sunny Now, Driving Credit Union Lending
Consumers are wearing shorts and sunglasses now, but some economists are seeing signs that the days of the economic peak are shortening. The CUNA Mutual Group’s monthly Credit Union Trends Report said consumers are feeling confident this summer with pleasantly...
Credit Unions, CUSOs Appoint New Leadership
This past week, six credit unions made hires and promotions. Plus, League Infosight appointed a new executive and Space Coast Credit Union mourned the passing of a long-time board member. WEST The $1.4 billion Advantis Credit Union based in Clackamas, Ore., hired...