SAN DIEGO—Following Sen. Elizabeth Warren’s (D-MA) request that the Department of Defense freeze a contract between the U.S. Marine Corps and $1.5-billion Frontwave Credit Union here due to what she called “excessive” overdraft fees, the Marine Corps has renewed its contract with the CU.
Fresh Today
SAN ANTONIO—The VP of member engagement at Generations Community FCU has filed a lawsuit against the $740-mlllion institution, alleging retaliation after she cooperated in an investigation into its former CEO and president, the San Antonio Express-News reported.
WASHINGTON—Just one day after credit unions dodged a tax threat in the House Ways and Means full reconciliation bill draft, the Independent Community Bankers of America are calling on Congress to initiate a study into the tax-exempt status of credit unions.
WASHINGTON--The Consumer Price Index rose 0.2% in April on a seasonally adjusted basis, following a 0.1% decline in March, according to the U.S. Bureau of Labor Statistics.
LAS VEGAS—After a year of progress and learning with the Credit Union Data Exchange (CUDX), Adam Wright, managing director of Operations at CUDX, shares how the organization is scaling its ecosystem, streamlining onboarding, and setting the stage for greater growth.
ROCKY HILL, Ct.—The $704-million Nutmeg State Financial Credit Union here and $161-million CrossPoint FCU, based in Hamden, Conn., have agreed to merge, the organizations reported.
WASHINGTON--An Executive Order focused on “deregulation” provides opportunities to remove burdensome rules and regulations hampering credit union service to members. America’s Credit Unions highlighted those opportunities in a letter sent to the Office of Management and Budget.
WASHINGTON--In advance of a scheduled banker fly-in this week, America’s Credit Unions sent lawmakers eight key facts to keep top of mind this week when they hear "misinformation" about credit unions.
NEW YORK— As ransomware incidents gradually decline, cybercriminals are increasingly turning to fraudulent wire transfers as their scheme of choice, a new report shows.
WASHINGTON—Several congressional Republicans have expressed opposition to a proposal from Trump to divert funding from the Community Development Financial Institutions (CDFI) Fund, Politico reported.