by GrafWebCUSO | Dec 15, 2017 | News
A high-powered panel that’s meant to spot dangers to financial stability is now urging regulators to review how rules are holding banks back, the latest sign of how much Wall Street oversight has changed under President Donald Trump. In its annual report...
by GrafWebCUSO | Dec 15, 2017 | News
The $516 million, Flint, Mich.-based Financial Plus Credit Union built a loyal member base by providing the basics, but recognized the need to introduce new technologies to remain relevant to members. Founded in the 1950s by Chevrolet employees, Financial...
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...
