LITTLE ROCK, Ark.—Arkansas Federal Credit Union is the latest CU to face a class-action lawsuit over overdraft practices, with a new complaint alleging the institution improperly charged fees on debit-card transactions that were authorized with sufficient funds, as well as on ATM and one-time debit transactions, Top Class Actions reported.
Fresh Today
WEST MEMPHIS, Ark.— Evolve Bank & Trust CEO Bob Hartheimer, 68, has been arrested on two child-pornography-related charges, according to Shelby County, Tennessee’s inmate records. He is charged with one count of sexual exploitation of a minor and one count of distributing obscene material, Banking Dive reported.
KANSAS CITY, Mo.—Federal Reserve Vice Chair for Supervision Michelle Bowman said bank regulators must move more aggressively to eliminate outdated and burdensome rules as part of the ongoing Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) review, telling industry participants the current process cannot result in “another underwhelming outcome.”
WASHINGTON—Homebuyer affordability improved in September, with the national median payment applied for by purchase applicants decreasing to $2,067 from $2,100 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI).
MCLEAN, Va.--The 30-year fixed-rate mortgage continues to drop, averaging 6.17% this past week, Freddie Mac reported.
ST. PETERSBURG, Fla.-- Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, has earned Lean Six Sigma Yellow Belt accreditation from The Council for Six Sigma Certification (CSSC), a globally recognized accrediting body in the Six Sigma industry.
NAPERVILLE, Ill.--Alloya Corporate Federal Credit Union has received the 2025 Kim Bannan Eternal Flame Award.
WASHINGTON—NCUA may stop publicly posting board meeting dates next year, the agency confirmed to CUToday.info, saying the practice has created “a false expectation that a meeting will occur” when some dates are only meant as courtesy placeholders.
MIAMI—Credit limits are shrinking across nearly the entire country — a signal that households may be bumping up against tighter lending standards and growing financial stress.
PORTLAND, Ore.— Credit union leaders and business partners gathered in Portland, raising $1.53 million for Children’s Miracle Network Hospitals across the GoWest Credit Union Association region.