WASHINGTON—Expect Mark McWatters to become chairman of the NCUA board early next year, as well as the creation of board to be established to oversee the CFPB.
Fresh Today
ARLINGTON, Va.—A compliance deadline relating to home equity lines of credit is coming up “sooner than you’d like,” according to NAFCU Director of Regulatory Compliance Brandy Bruyere.
CARPINTERIA, Calif.–Credit, debit, and prepaid cards issued in the United States initiated 104.41 billion purchase transactions in 2015, up 8.0%, according to The Nilson Report.
SAGINAW, Mich.–The $22.3-million Valley State Credit Union, which was placed into conservatorship in August by this state’s regulator, is now under the control of NCUA.
HUNTSVILLE, Ala.—Redstone Federal Credit Union here reports it is replacing 30,000 plastic cards as the result of the Wendy’s breach.
MINNEAPOLIS–Kenyan-Americans here are seeking to charter their own credit union.
GREGORY, S.D.— A South Dakota woman claims in court that her entire community knows about her financial troubles because a credit union gave copies of her credit report to a class of 26 high school students.
WICHITA FALLS, Texas—The $120-million Texoma Community Credit Union has named a new CEO. Effective Jan. 2, 2017, John Buckley will succeed Wayne Mansur, who is retiring from Texoma Community after 22 years.
GRAND RAPIDS, Mich.–Xtend, Inc., announced it experienced significant year-on-year growth for its Member Reach electronic messaging business unit.
ALEXANDRIA, Va.—Credit unions have less than a month to submit comments to NCUA on the agency’s new field-of-membership proposal, which was published in Tuesday’s Federal Register. The deadline is Dec. 9