SAN FRANCISCO–The nation’s biggest banks have begun pulling back “sharply” from auto loans, which is contributing to a drop in car sales and raising concerns the auto slump might deepen, according to one new report.
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WASHINGTON—NAFCU Chief Economist and Director of Research Curt Long said the Federal Open Market Committee, which chose not to raise the federal funds target rate this week as CUToday.info reported, is still on track for an interest rate hike in June.
MADISON, Wis. – Credit unions are being encouraged to nominate individuals and organizations for the 2018 Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation).
ARMONK, N.Y.–IBM has published a security alert warning that some USB flash drives it shipped contain malware.
TAMPA, Fla.–To mark May 4th, better known to many Star Wars fans as “May the Fourth Be With You Day,” GTE Financial Credit Union introduced a special video showing its headquarters being overflown by spacecraft from the movie.
BOSTON–The Massachusetts Securities Division has fined the LPL Financial Holdings, Inc. $1 million for allegedly failing to supervise advisers operating out of Digital FCU in Marlborough.
WASHINGTON—Credit unions will be represented in the upcoming Consumer Financial Protection Bureau field hearing on small business lending by Sharon Lindeman, vice president of regulatory advocacy for the California and Nevada Credit Union Leagues.
TIFFIN, Ohio—Your Legacy FCU here has named Allen Underwood president/CEO.
MONETT, Mo.—Jack Henry & Associates said it has entered into a strategic services agreement with First Data and PSCU to further expand the credit and debit card platform offered to financial institutions by its JHA Card Processing Solutions group.
CORVALLIS, Ore.–Oregon State Credit Union’s new 62,000-square-foot operations center here has achieved LEED Silver certification.