NEW ORLEANS—In a 2-1 ruling, the 5th Circuit Court of Appeals has struck down the Labor Department's fiduciary rule that requires investment advisors to act in the best interests of clients.
Fresh Today
MADISON, Wis.–The World Council of Credit Unions is urging the International Association of Deposit Insurers to look to credit union insurance funds around the world as it seeks comment on its draft research paper “Deposit Insurance Fund Target Ratios.”
OAKLAND, Calif.—A California judge said she’ll approve Wells Fargo Bank $27.5 million settlement resolving a consolidated action brought by the bank’s hourly Golden State bankers and sales representatives, who claim they were required to work more than 40 hours a week without overtime pay and were shorted meal breaks.
BEAVERTON, Ore.–The Dave and Dan Golf tournament, the credit union-sponsored event that has raised more than $6.5 million for Children’s Miracle Network since its inception in 2000, has been rebranded by First Tech FCU as the Credit Unions for Kids Northwest Classic this year.
COLUMBUS, Ohio—Lee Butke, president/CEO of Corporate One Federal Credit Union, has announced retirement plans after more than 25 years in leadership at the corporate CU.
MADISON, Wis.–CUNA has announced four keynote speakers for its America’s Credit Union Conference, set for June 28-July 1, 2018 in Boston.
LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2012-2016 depreciated in value by 1.1% in February, significantly better than January’s -2.6%, due to a “spirited start” to the spring selling season, reports Black Book.
WASHINGTON—Phase 3 of NACHA's same-day Automated Clearing House (ACH) implementation is now in effect.
WASHINGTON–A federal appellate court has set aside some of the Federal Communications Commission’s rules on when and how businesses can contact consumers by phone, in a ruling that has been welcomed by credit unions.
WASHINGTON—While credit unions are still celebrating passage in the Senate of S 2155, the reg relief bill that rolls back portions of Dodd Frank, Republicans in the House say they have no plans to “rubber stamp” the Senate bill.