WASHINGTON—Total CEO compensation at large federally insured state chartered credit unions in 2014 was on average 13.5 times higher than the average compensation of employees at these institutions, reports one analyst.
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NEW YORK–The New York Department of Financial Services said it plans to look into various online lenders to see whether they should be licensed in the state.
ST. PETERSBURG, Fla.–A former credit card fraud investigator with PSCU has been arrested here for stealing credit card information from CU members. According to St. Petersburg Police, Reynaldo Colon, 26, was arrested for crimes allegedly committed in the fall of 2014 while working at PSCU.
RIVERDALE, Utah – America First Credit Union has launchedThe America First Innovation Center which it said will not serve as a traditional branch, but instead as a collaborative hub to showcase the latest innovative solutions and give members and consumers a greater voice in shaping how they want to be served in the future.
SAN FRANCISCO–Wells Fargo plans to introduce a mortgage for borrowers who can make only a minimal down payment, which will allow it to back away from a FHA program.
WASHINGTON—Legislation was approved Wednesday that includes provisions on CFPB funding and structure, and funding for low-income credit unions and small-business lending.
MADISON, Wis.–The Filene Research Institute is now seeking credit unions to participate in its product incubator to determine how financial institutions can better serve minority households.
ONTARIO, Calif.–The Richard Myles Johnson Foundation has introduced an app for its Bite of Reality financial education program.
JOHANNESBURG, South Africa–A South African bank reportedly was hit by criminals more than 10,000 miles away who were able to steal $13 million from ATMs using fake South African credit cards.
TUCSON, Ariz.—Vantage West Credit Union has joined with the University of Arizona Wildcats to sponsor its ZonaZoo, the official student section for University of Arizona Athletics, with a special offer.