by GrafWebCUSO | Dec 15, 2017 | News
Once again, the Financial Stability Oversight Council is calling on Congress to give the NCUA examination and enforcement powers over third-party service providers. The NCUA is among the few financial regulators that does not have such powers, the FSOC said in its...
by GrafWebCUSO | Dec 15, 2017 | News
Just 10 days after it was publicly revealed that the $28.7 million Louisville Metro Police Officers Credit Union was under investigation for suspected internal theft, the Louisville, Ky., cooperative was conserved by the NCUA Friday. “The NCUA placed Louisville...
by GrafWebCUSO | Dec 14, 2017 | News
While a former branch manager was giving financial advice to a 91-year-old member, she allegedly stole more than $125,000 from that member’s savings account. Claudette Retana, 66, who retired earlier this year from the $9.5 billion Security Service Federal...
by GrafWebCUSO | Dec 14, 2017 | News
Democratic state attorneys general say they will redouble their consumer and financial services enforcement efforts if the CFPB slows down its enforcement. “If incoming CFPB leadership prevents the agency’s professionals from aggressively pursuing consumer...
by GrafWebCUSO | Dec 13, 2017 | News
While the House and Senate tax bills were taking shape, lawmakers floated some changes to 401(k) contributions. A survey conducted around that time shows just how deeply those changes would have affected savers. Three-quarters of nonretired investors in a...
by GrafWebCUSO | Dec 13, 2017 | News
Olympia, Wash.-based QCash Financial, a CUSO providing automated, cloud-based, omni-channel small-dollar lending technology for financial institutions, announced the launch of the latest version of its digital lending platform. According to QCash its newest platform...
