TYLER, Texas—Wells Fargo has filed a motion with the U.S. District Court for the Eastern District of Texas asking it to stay a second jury's decision that found the bank intentionally infringed on certain USAA remote deposit capture (RDC) patents. Wells Fargo was ordered the bank to pay $103 million in damages in the case.
OGDEN, Utah–America First Credit Union has signed on as a multi-year presenting sponsor of the Ogden Marathon, which is produced by the GOAL Foundation.
WASHINGTON–The Mortgage Bankers Association has told NCUA it supports its proposed increases for appraisal thresholds for residential and commercial properties.
CLEVELAND––Hyland, a content services provider, said it has acquired Learning Machine, a provider of blockchain-anchored digital credentialing solutions.
WASHINGTON—CUNA has confirmed the “cyber incident” it experienced this week that shut down many of its systems and led to the trade association sending staff home on Monday was indeed ransomware.
WASHINGTON – Americans' views on their personal financial situation have been climbing since 2018, according to new research released by Gallup.
WASHINGTON—Ahead of a House Financial Services subcommittee meeting to explore astroturfing in financial practices –the term used to describe the practice of attempting to advance an anti-consumer agenda under the guise of grassroots efforts – NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter flagging how credit unions have been affected by such actions.
ARLINGTON, Va.—Ahead of a House Financial Services Committee hearing reviewing the CFPB, NAFCU offered its input on where it believes the structure and operations of the Bureau could be enhanced.
BOSTON—Credit card interest rates hit a 25-year high in 2019 as lenders increased their rates.
NEW YORK—Globally, financial institutions have tallied up $36 billion in fines since the financial crisis, a new report reveals, with one category seeing a 160% increase in just 15 months.
