BIRMINGHAM, Ala.–Jonathan Dunning, the former CEO of Birmingham Financial FCU and several other organizations who was earlier found guilty of 98 counts of conspiracy, wire fraud, bank fraud and money laundering, could face up to 27 years in prison.
Fresh Today
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services is reminding credit unions it is supporting Shop for Miracles, the Credit Unions for Kids fundraiser and member awareness campaign benefiting Children’s Miracle Network Hospitals, by matching credit union industry donations up to $500,000.
MADISON, Wis.—Summit Credit Union hosted its sixth annual Co-Op Connection here and drew a crowd of nearly 4,000 people.
PRINCETON JUNCTION, N.J.– To provide guidance for issuers and merchants on speeding up EMV transaction times, the U.S. Payments Forum has released a new white paper that provides details on three approaches: “faster EMV” solutions, contactless/Near Field Communication (NFC) transactions, and EMV checkout optimization.
LITCHFIELD, Mich.–American 1 Credit Union said it has moved to block—at least temporarily—usage of members’ credit and debit cards at Wendy’s restaurant locations.
WASHINGTON—One U.S. senator is asserting that Wells Fargo’s unethical business practices extended beyond consumers, harming small businesses as well.
SPRINGFIELD, Ill.—Illinois has become the second state to sanction Wells Fargo Bank.
SEATTLE—BECU here closed its offices yesterday so that more than 1,500 employees could help teach financial literacy classes.
NEW YORK–Mortgage servicing firms in the U.S. are reducing servicing staff levels.
LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2011-2015 depreciated by 2.3% during September, just slightly better than in August (-2.4%).