Student Loan Debt Reality Bites

[embedded content] Credit unions are partnering with the documentary filmmaker Adam Carroll. His film, “Broke, Busted and Disgusted” takes a look at the harsh realities of student loan debt that college students are facing. Many credit...

DOL Fiduciary Rule Likely Delayed, Not Derailed

Industry officials agreed Tuesday that while there could likely be a delay in the Department of Labor’s fiduciary rule, outright repeal of the rule is unlikely, so advisors and broker-dealers should continue to get ready for the April compliance date. “I...

NCUA Expands Access to Consumer Assistance Portal

The NCUA has expanded credit union access to its Consumer Assistance Complaint portal, the agency announced Tuesday. The agency is allowing credit unions to designate an additional employee who may have access to complaints filed with the portal. Until now, only...

Former CEO Charged With $2 Million Embezzlement

A former CEO, who pled guilty to stealing nearly $2 million from the now-defunct Veterans Health Administration Credit Union, will start the New Year in prison. A Michigan judge last week sentenced Fuataina Afutiti, 50, of Westland to two and half years to up to 20...