RANCHO DOMINGUEZ, Calif.—After going public with accusations that SchoolsFirst FCU is attempting to “steal away” its members, Schools FCU says it will not back away from its position. In an interview, the CEO of the much smaller CU further asserts that the larger credit union is attempting to force a merger through its actions.
Fresh Today
WASHINGTON—Inflation has ticked up, which will only add to speculation over what the Fed might do with rates.
WASHINGTON–New numbers related to construction in the U.S. and released by the Commerce Department show a robust topline number, but could reveal some deeper trends related to home ownership in the country.
SAN DIEGO–The CFPB’s Disparate Impact Initiative has led to a number of big-dollar settlements with several auto lenders, but congressional pushback could rein such settlements in in the future, according to one attorney.
SAN DIEGO–An attorney who has represented people and organizations being investigated by the CFPB offered some issues every credit union should watch in order to avoid joining that list.
SCHAUMBURG, Ill.–The $900-million Motorola Employees Credit Union said it will be changing its name later this year to Andigo Credit Union.
PEKIN, Ill.—Charles Juska, the former CEO at Tazewell County School Employees CU who is accused of using forgery to misapply $500,000 of the $25-million CU’s funds, claims he did nothing to defraud the credit union.
WASHINGTON—One-in-five borrowers who take out a single-payment auto title loan have their car or truck seized by their lender for failing to repay their debt, according to a new report from the CFPB.
MUSKEGO, Wis.—Chris Felton has been named president and CEO of Corporate Central Credit Union.
LATHRUP VILLAGE, Mich.–Michigan First FCU here has selected Insuritas to partner with it to launch Michigan First Insurance Agency.