ALEXANDRIA, Va.– The NCUA Board has approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund to be paid to eligible credit unions in the second quarter of 2019.
Fresh Today
WASHINGTON–Legislation that could reverse some of the actions put in place by former CFPB Acting Director Mick Mulvaney could be part of the discussion during a congressional hearing today.
COLORADO SPRINGS, Colo.–A class-action lawsuit has been filed against Colorado Springs-based Ent Credit Union. The suit, filed in U.S. District Court in Denver, alleges that Ent improperly charges overdraft fees on debit card transactions that didn’t overdraw accounts.
DALLAS–American Airlines FCU has filed a lawsuit against Sonic restaurants over a data breach. The suit seeks at least $5 million in damages, as well as class action status.
WASHINGTON—Citing compliance concerns, NAFCU, CUNA and seven other financial services industry trade groups are urging the Financial Accounting Standards Board (FASB) to delay the implementation of its current expected credit loss (CECL) standard.
ARLINGTON, Va.—Data from the Census Bureau show new home sales increased 3.7% in December, but NAFCU Chief Economist and Vice President of Research Curt Long notes the gains are against a sizable downgrade to November's sales, which were revised downward to 599,000 from 657,000.
WASHINGTON—In follow up to a letter sent to House and Senate leaders at the start of the 116th Congress, NAFCU Vice President of Legislative Affairs Brad Thaler has elaborated on the details of the association's 2019 priorities, including action items necessary to achieve them.
WASHINGTON—CUNA President/CEO Jim Nussle met with Consumer Financial Protection Bureau Director Kathy Kraninger this week.
MADISON, Wis./WASHINGTON—The official theme for the 2019 National Credit Union Youth Month is “The Future is Yours… Picture it! Save for it! Share it!” CUNA announced.
BROOKFIELD, Wis.—HealthCare First Credit Union and Portland Local 8 Federal Credit Union are moving to Fiserv for their core solutions. The company said the credit unions are switching core providers to prepare for “future institutional needs and member expectations.”