BISMARCK, N.D.—CU Social Good, a venture of the Credit Union Association of the Dakotas here, reported that four other leagues have signed on with the program.
Fresh Today
SCOTTSDALE, Ariz.—Cornerstone Advisors has named Ron Shevlin as its new director of research, along with several other personnel moves.
ARLINGTON, Va.—Denver will be the site of NAFCU’s first-ever Risk Management Seminar, which is set for Aug. 3-5.
WASHINGTON—The Consumer Financial Protection Bureau Tuesday fined the Birmingham, Ala.-based Regions Bank $7.5 million for charging overdraft fees to consumers who had not opted-in for overdraft coverage.
BALTIMORE—MECU of Baltimore Credit Union has closed two of its branches, including one in its headquarters, as the result of the state of emergency declared in the city.
LAWRENCEVILLE, Ga.—Reports from the auto auction lanes show that used car inventories are climbing, buyers are slowing down, and used values—except for trucks—may soon slide faster.
WASHINGTON—NAFCU emphasized that even as the April 27 deadline for comments on the revised risk-based capital proposal has arrived, the trade association continues to talk with legislators about the negative impact it believes the rule will have on CUs and the legislative solution that will be required.
RIVERWOODS, Ill.—Discover said it has entered into an agreement with Apple to allow Discover cardmembers in the U.S. to make contactless payments in participating stores through Apple Pay.
MUSCLE SHOALS, Ala.—TVA Community CU is reportedly being investigated by NCUA over more than $600,000 in losses in its investment portfolio. TVACCU’s December, 2014 5300 shows a loss of $453,795, followed by another loss of $149,169 as of its Q1 2015 report. The Times Daily first reported the losses and the inquiry from NCUA.
SCHAUMBURG, Ill.—In honor of Earth Day last week, Experian Automotive conducted research on green vehicles and found consumers are using more of their own green to buy them.