ALEXANDRIA, Va.—As CUToday.info first reported, NCUA has settled with the Royal Bank of Scotland to resolve claims that it sold toxic mortgage-backed securities to the now-failed Southwest Corporate FCU and Members United Corporate CU.
Fresh Today
NEW YORK–Royal Bank of Scotland Group PLC has agreed to pay $129.6 million to NCUA to resolve claims that it sold toxic mortgage-backed securities to now-failed corporate CUs.
ARLINGTON, Va.—Nearly half of CUs polled in a new survey indicate they are ready for the CFPB’s Truth in Lending Act and Real Estate Settlement Procedures Act (TILA/RESPA) integrated disclosure rules that go into effect next month.
WASHINGTON–A high number of credit unions have not filed Suspicious Activity Reports (SARs) or Currency Transaction Reports (CTRs) with the Treasury in some time.
WASHINGTON—CUNA, NAFCU and numerous other groups urged congressional leaders Tuesday to not use “g-fees” as a source of funding for any extension of highway programs.
BOSTON—A tiny CU here has been criticized by the Massachusetts Division of Banks for not doing more to expand its membership.
IRVINE, Calif.–The real estate market is hot—TOO hot in 14 of the top 100 U.S. markets, according to one analysis.
LOMPOC, Calif.—Another credit union has been hit by an ATM card skimming attack. This time it’s CoastHills CU.
WASHINGTON—The CFPB Wednesday took action against the nation’s two largest debt buyers and collectors for using deceptive tactics to collect bad debts.
ALEXANDRIA, Va.—NCUA Tuesday named Ralph Monaco as the agency’s chief economist.