Navy Federal to Pay Back $23M to Members, $5.5M in Fines

The CFPB said Tuesday the $77 billion Navy Federal Credit Union will pay $23 million to members and a $5.5 million civil penalty for making false threats about debt collection to active-duty military service members, retired service members, and their families. The...

Where Clinton, Trump Invest Their Money

With the second debate now over, ThinkAdvisor looks at Hillary Clinton’s and Donald Trump’s portfolios, which reveal that their investment strategies are as divergent as their policy plans, according to financial disclosures filed with the Federal Election...

CFPB Is Unconstitutional, but Not Out of Business

A federal appeals court on Tuesday ruled that the organization of the CFPB is unconstitutional since it is operated by a single person, but the court said that the agency may continue to operate.  The bureau will operate as a federal agency whose director is...

Credit Unions Receive $33.6 Million in Grants

Twenty-three credit unions in 17 states received $33.6 million from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. The grants were announced last month by the National Federal of Community Development Credit Unions. The...

Building Stronger Member Relationships, Digitally

In a world rapidly becoming more technologically focused every day, it is increasingly important to direct efforts toward building and maintaining strong, personal relationships with your credit union members digitally. While the virtual space might seem like a...

Credit Union Declines Wendy’s Card Use

One Michigan credit union announced they are temporarily declining any use of its credit and debit cards at Wendy’s restaurants.  The $301-million Jackson, Mich.-based American 1 Credit Union stated that this new policy will go into effect on October 3...