WASHINGTON—In the wake of the Wells Fargo scandal, the CFPB has issued a bulletin warning financial institutions that incentive-based programs for employees and service providers, such as those used for meeting goals, can lead to consumer harm if they are not properly managed.
EDWARDSVILLE, Ill.—Offering Santa a holiday assist, Scott Credit Union here has declared a bonus dividend and loan interest rebate and is paying nearly $1.5 million back to members.
DES MOINES, Iowa—Credit and debit card usage was up significantly during the recent Thanksgiving holidays.
LAWRENCEVILLE, Ga.—Thanksgiving holiday shopping gave used car sales—and values—a boost, according to the latest data from Black Book.
DECATUR, Ill.–A number of financial institutions here are reporting member/customer card information has been hacked.
RALEIGH, N.C.–A group of 26 savings and credit cooperative (SACCO) employees and volunteers from Kenya are visiting with credit unions in the Raleigh-Durham area this week.
LOWER LAKE, Calif.–This community hit hard by forest fires earlier this year was given a bit of holiday cheer, courtesy of Redwood Credit Union and others.
MONTPELIER, Vt.–Vermont State Employees Credit Union said it has become the first credit union in the U.S. to be accepted as a member of the Global Alliance for Banking on Values (GABV), an independent network of values-based banks, banking cooperatives, credit unions, microfinance institutions, and community development banks from across the world.
ALEXANDRIA, Va.–Insured shares and deposits in federally insured credit unions grew, for the first time, to more than $1 trillion and membership reached 106.2 million in the third quarter of 2016, NCUA reported Monday.
WASHINGTON—House committee leaders for the new Congress that will begin meeting next year have been announced, including new chairmen for the Energy and Commerce and Appropriations committees.
