by GrafWebCUSO | May 1, 2017 | News
The NCUA has received $445 million from UBS to settle claims in connection with the sale of faulty residential mortgage-backed securities to two corporate credit unions, according to the agency. “This latest recovery, together with prior recoveries, has helped...
by GrafWebCUSO | May 1, 2017 | News
While many millennials are hanging out on Snapchat, they could care less about the ads, according to a survey 3,000 adults conducted by Fluent LLC, a New York City-based marketing firm. What ’s more, millennials, say Snapchat is just a fad, and they expect to...
by GrafWebCUSO | May 1, 2017 | News
Congressional negotiators this weekend reached a FY2017 funding deal that would provide a $15 million increase for the Community Development Financial Institutions program, despite President Trump’s desire to kill it. The funding measure, totaling some 1,600...
by GrafWebCUSO | May 1, 2017 | News
This past week, seven credit unions revealed new hires, promotions and appointments. Plus, CUES and CU Members Mortgage added new talent to their executive teams. WEST The $640 million AltaOne Federal Credit Union in Ridgecrest, Calif., hired Gary Petersen as the new...
by GrafWebCUSO | May 1, 2017 | News
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...
by GrafWebCUSO | Apr 28, 2017 | News
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...
