SAN FRANCISCO—All-mobile banking services startup Varo Money has received the FDIC’s approval of its federal deposit insurance application for Varo Bank.
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WASHINGTON—The Consumer Financial Protection Bureau announced a proposed settlement with Think Finance, LLC, formerly known as Think Finance, Inc., and six subsidiaries (collectively, the “Think Finance Entities”), to resolve the Bureau’s lawsuit, which the Bureau filed on November 15, 2017.
WAYNE, Penn.–Jay Mossman, who founded the technology provider Akcelerant, is back in the market with a new technology firm called AKUVO that it says will combine data and AI-driven solutions to improve credit union performance.
WASHINGTON—In response to the latest banker attacks against credit unions, NAFCU sent a letter to lawmakers on Capitol Hill to “set the record straight.”
WASHINGTON—Fourth quarter economic growth remained at its third-quarter pace of 2.1% according to the Commerce Department's second estimate.
WASHINGTON—The American Bankers Association is once again asserting the nation’s largest credit unions are not living up to their mission to serve individuals in low- to moderate-income areas.
ALEXANDRIA, Va.—NCUA has issued nine prohibition notices and two prohibition orders that prohibit the individuals from participating in the affairs of any federally insured financial institution.
OLYMPIA, Wash.—The Washington Division of Credit Unions is expecting credit union boards and senior management to provide periodic reports related to consumer complaints, reported Keith Leggett, the former senior vice president and senior economist at the ABA, on his blog.
WASHINGTON–One credit union is among the 38 organizations awarded a total of $130.9 million by the U.S. Department of the Treasury's Community Development Financial Institutions Fund to be used for the development of affordable housing and community facilities in low-income communities.
LANSING, Mich. — The Michigan Credit Union League has named the winners of the 2020 MCUL Awards and the Michigan Credit Union Foundation Awards.