WASHINGTON—NCUA would be required to establish an exam cycle of at least 18 months for well-run credit unions having assets of $1 billion or less under legislation introduced by Rep. Frank Guinta (R-NH), NAFCU reported.
Fresh Today
ARLINGTON, Va.—NAFCU Friday sent a letter to the CFPB noting concerns it has that the Bureau’s recently released student loan “Payback Playbook” may limit credit unions’ ability to provide students with credit.
WASHINGTON—By a vote of 30-17, the House Appropriations Committee approved a fiscal 2017 financial services and general government appropriations bill that includes several provisions relating to the CFPB and the FCC’s Telephone Consumer Protection Act rules, NAFCU reported.
ERIE, Penn.—The former CEO of Oil Country FCU, who was found guilty of embezzling nearly $48,000, was sentenced to one day in a federal facility, followed by six months at a community corrections facility.
MUSKEGON, Mich.–A former credit union employee who, unbeknownst to the CU, was free on bond after having committed larceny in a previous job with a bank before committing new crimes in her CU job, has been convicted.
WASHINGTON–The Fannie Mae Home Purchase Sentiment Index increased 1.6 points to reach a new all-time high of 85.3 in May.
ARVADA, Colo.—Sundie Seefried, whose credit union has become a leader in providing financial services to the cannabis industry, has written a book on the subject.
PLANO, Texas–On the heels of announcing its new TranzCapture remote deposit services platform, Catalyst Corporate has selected half a dozen credit unions to begin testing this summer.
IRVINE, Calif.—A new analysis shows 268,000 homeowners regained equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million, or 92% of all mortgaged properties.
MOUNTAIN HOME, Idaho—The $402-million Pioneer Federal Credit Union said it has completed a merger with Cornerstone Credit Union of Caldwell, Idaho.