LANSING, Mich.–Former Valley State Credit Union CEO Stanley Hayes has pleaded guilty to embezzling $710,000 from the credit union.
Fresh Today
RANCHO CUCAMONGA, Calif. – Following a Fall 2017 campaign that provided school supplies to 1,300 students, CO-OP Financial Services said it is partnering once more with Yoobi on a Spring Backpack Bundle Drive, designed to help credit unions support schools and students in their communities.
WASHINGTON—The U.S. Education Department will be launching a pilot program to place financial aid dollars on debit cards, a move that would allow officials to track how that federal aid is being spent.
SAN FRANCISCO—Adding to the number of countries as well as financial institutions clamping down on cryptocurrencies is transaction processor Stripe, which has decided to stop supporting Bitcoin payments for small businesses on April 23.
MOON TOWNSHIP, Penn.–Clearview FCU here has named a new CEO to succeed the retiring Mark Brennan, who has led the credit union for 26 years.
MADISON, Wis.–The World Council of Credit Unions has filed a letter with the Monitoring Group regarding how audit standards for credit unions should be set in a transparent and publicly accountable way.
WASHINGTON—NAFCU, CUNA and five other trade associations have asked CFPB Acting Director Mick Mulvaney to repeal the Bureau's 2016 amendments to its 2013 mortgage servicer rule due to the conflicts it presents with current bankruptcy law. At the very least, the trades asked that the rule be delayed beyond its April effective date.
WASHINGTON–Forget swiping left or right—there’s a good chance an online romance can swipe your money.
MADISON, Wis. – CUNA Mutual Group has made a $20-million contribution, the single largest of its kind, to the CUNA Mutual Group Foundation that it said will further its long-term commitment to the communities and industry it serves.
WASHINGTON–In its proposed 2019 budget, the Trump Administration is proposing deep budget cuts for the CFPB, other changes to agencies and functions created by the Dodd-Frank Act, and again calling for elimination of the CDFI Fund.