WASHINGTON—Following a public comment period, the Federal Trade Commission has approved a final consent order with SoFi, resolving allegations that it misrepresented how much money student loan borrowers have saved or will save from refinancing their loans with the company.
CARLSBAD, Calif.–Three former credit union retail brokerage executives and industry consultants have formed a new CUSO they say offers pure fee-based financial planning and investment advisory services to credit union members.
MADISON, Wis.–America’s credit unions added 428,000 new members during December, bringing the 2018 membership growth to 5.1 million new members, the biggest annual increase in credit union history and four times the pace set a decade earlier, according to a new year-end analysis.
NEW YORK–A demographic trend combined with other factors taking place worldwide could help accelerate the spread of adoption of auto-sharing services and self-driving cars.
ALEXANDRIA, Va.—NCUA has issued a notice of funding opportunity for low-income designated credit unions (LICUs) through its Community Development Revolving Loan Fund (CDRLF) program.
WASHINGTON–All types of credit unions should be allowed to serve underserved areas, NAFCU told the Senate Banking Committee.
WASHINGTON—Cases of suspected elder fraud are among the primary reasons the number suspicious activity reports (SARs) filed by financial institutions quadrupled from 2013 to 2017, the CFPB reported.
WASHINGTON—Calling housing finance reform “the last piece of unfinished business from the financial crisis," NAFCU’s Dan Berger stressed the importance of maintaining credit unions' access to the secondary mortgage market in a letter to Federal Housing Finance Agency (FHFA) Acting Director Joseph Otting.
HAUPPAUGE, N.Y.–GrooveCar announced that its credit union partners have seen a 44% increase in indirect auto loans, the highest loan growth within a 12-month period since the company’s inception in 1999.
NORTH LIBERTY, Iowa–A credit union that is being forced to change its name by state lawmakers has settled on a new moniker. The $5.3-billion University of Iowa Community Credit Union said it plans to change its name to GreenState Credit Union.
