WAYNE, N.J.—A recent failed auction of three taxi medallions suggests that credit unions that make taxi medallion loans will continue to face a pothole-filled road.
Fresh Today
WASHINGTON–As expected, the Federal Open Market Committee has chosen to leave rates unchanged.
WASHINGTON—The Consumer Financial Protection Bureau, in partnership with the New York Attorney General, has filed a lawsuit in a federal district court against the leaders of an alleged massive debt collection scheme based out of Buffalo, N.Y.
CHICAGO–Another CEO position has been added to the job listings that are part of CUToday.info’s The Gig.
ALEXANDRIA, Va.—Nomura Asset Acceptance Corporation and Nomura Home Equity Loan, Inc. jointly have agreed to pay more than $3 million to settle claims by the National Credit Union Administration alleging the sale of faulty residential mortgage-backed securities to two corporate credit unions, NCUA reported.
WASHINGTON–Freddie Mac has released its earnings report for the third quarter.
WASHINGTON—The Labor Department has asked the U.S. District Court for the Eastern District of Texas to deny a request for emergency injunction in a case challenging the department’s new overtime rule, which takes effect Dec. 1, NAFCU reported.
DES MOINES, Iowa—Ninety-four percent of frequent Internet users say quality content is the most important reason to continue using a website, asserts TMG.
BOSTON–Massachusetts has become the latest state to legalize prize-linked savings programs.
INDIANAPOLIS—Two Indiana credit unions have completed their merger.