by GrafWebCUSO | Nov 30, 2016 | News
The NCUA Wednesday banned four former credit union employees who were convicted of theft or embezzlement. Sonja L. Matos, a former employee who worked in the risk management/card services ATM department for the $1.2 billion Corning Federal Credit Union in Corning,...
by GrafWebCUSO | Nov 30, 2016 | News
A group of 21 current and former Democratic lawmakers, including U.S. Sen. Elizabeth Warren and the House and Senate minority leaders, are backing the Consumer Financial Protection Bureau as it fights a court ruling that said the agency’s...
by GrafWebCUSO | Nov 30, 2016 | News
Credit unions may be turning to member business loans as a source of growth, especially in light of this year’s principle-based MBL rulings. On Tuesday, Nov. 29, the NCUA provided additional clarity around the definition of MBL loans versus commercial loans, and...
by GrafWebCUSO | Nov 30, 2016 | News
Total transactions at payment card networks grew 6.8% from 2014 to 2015, but the estimated losses due to fraud soared over previous estimates, the Federal Reserve Board reported Wednesday. Payment card networks process 60.6 billion debit and general-use prepaid card...
by GrafWebCUSO | Nov 29, 2016 | News
Credit unions continued to gain a larger share of U.S. loans in the third quarter, but loan growth might slow in 2017 under President-elect Donald Trump, according to bank and credit union reports released this week. CUNA Mutual Group’s “Credit Union...
by GrafWebCUSO | Nov 29, 2016 | News
A seventh credit union, the First African Baptist Church Federal Credit Union, which received services from the Service Center for Credit Unions Inc. in Bensalem Township, Pa., was closed Tuesday. The NCUA announced it liquidated the $76,188 First African Baptist...
