NEW YORK–A Chinese national who goes by the name “Hummer Mars” faces up to 30 years in prison after admitting he planned to take $20 million in fraudulent loan applications to the Paycheck Protection Program (PPP).
Fresh Today
MIDDLETON, Wis. – The American Credit Union Mortgage Association (ACUMA) said registration is now open for its in-person Annual Conference to be held Sept. 12-15 at the Gaylord National Resort near Washington, D.C.
WASHINGTON–The Federal Reserve will be joining the rest of the federal government in closing its offices today in observance of the just-created Juneteenth National Independence Day.
ARLINGTON, Va.—Credit union share growth slowed somewhat in the first quarter but is still rising on a year-over-year basis, while loan growth continued to decelerate in Q1 as mortgage loan growth slowed, according to NAFCU's latest CU Industry Trends report.
WASHINGTON–Expectations for economic growth for full-year 2021 were revised modestly upward to 7.1%, one-tenth higher than the previous forecast, due to stronger-than-expected consumer spending data year to date, according to the June 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
ST. PETERSBURG, Fla.—Consumer spending continues to show signs of quickly rebounding according to PSCU’s June Payments Index.
ORLANDO, Fla.–NCUA Board Member Rodney Hood told credit unions here that if there is a lesson from the last year it was summed up in a meeting breakout session title: “Transitioning from Risk to Resilience.”
LAKE JACKSON, Texas–Texas Dow Employees Credit Union has officially named a new president and CEO. The $4-billion credit union said it has selected Isaac Johnson to lead the organization.
WASHINGTON—Concerns related to cryptocurrency regulation and oversight have been raised by Sen. Pat Toomey (R-PA) in a letter to Treasury Secretary Janet Yellen.
VAN NUYS, Calif.–Los Angeles Police FCU said it has introduced “End of Watch Debt Protection,” which pays off a member's LAPFCU debt if he or she is killed in the line of duty.