WASHINGTON—A federal regulator determined Wells Fargo wasn't the only U.S. bank that opened accounts not authorized by customers—but has no plans to identify the institutions publicly.
Fresh Today
WASHINGTON—The nominee to head the Bureau of Consumer Financial Protection is likely to be in for a contentious fight for approval in the Senate, with some observers saying the nomination was only made so that current acting director Mick Mulvaney can remain in the post.
WASHINGTON – President Donald Trump has nominated Rodney Hood to serve on the NCUA board.
WASHINGTON–Following the news that President Donald Trump is expected to nominate Kathy Kraninger to head the Bureau of Consumer Financial Protection, CUNA emphasized that it remains focused on issues within the Bureau that lead to overregulation of credit unions.
BOSTON–The recreational marijuana business will become legal in Massachusetts in July, but there won’t be any financial institutions ready to do business with them.
WASHINGTON—Looking closely at regulatory relief provisions contained in the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), CUNA is offering more detail around how it says the bill affects the Home Mortgage Disclosure Act (HMDA).
FREEPORT, Ill.–Members of Milledgeville Community Credit Union have voted in favor of merging into Cornerstone Credit Union.
BROOKLYN, N.Y.––Polish & Slavic FCU has awarded $450,000 in scholarships to nearly 400 students in seven states in its annual PSFCU Scholarship Program.
ATLANTA–The African-American Credit Union Coalition has named Sheilah Montgomery as the 2018 recipient of the AACUC’s Pete Crear Lifetime Achievement Award.
WASHINGTON—The U.S. Treasury Department Financial Crimes Enforcement Network (FinCEN) has issued an advisory describing how corrupt foreign "politically exposed persons" (PEPs) access the U.S. financial system.