NEW YORK—A judge has ruled that NCUA lacked standing to sue US Bancorp and Bank of America over 74 RMBS trusts that helped contribute to losses and the eventual demise of five different corporate CUs.
Fresh Today
WASHINGTON—The average total compensation package for CEOs running state-chartered credit unions of $1-billion in assets and higher topped $965,000 in 2013, according to one analyst.
ALEXANDRIA, Va.—Saying NCUA should not treat members of the credit union community as “Victorian era children,” NCUA Board Member J. Mark McWatters Friday reiterated his position that public hearings on the agency’s annual budget would lead to greater transparency and accountability.
SCHAUMBURG, Ill.—A new study indicates that the percentage of U.S. automotive loans that fall within the subprime and deep subprime risk categories make up 19.7% of the auto loan market—the lowest level since 2012.
WASHINGTON—The House will be holding a hearing today on the mounting risks from cyber-threats.
ARLINGTON, Va.—Nine states have signed an agreement to facilitate the ability of their state-chartered credit unions to operate across state lines
ARLINGTON Va.—Credit union member growth in March increased to 3.3% year over year while share growth fell slightly to 4.4% year over year according to NAFCU’s May Economic & CU Monitor.
WASHINGTON—NAFCU and CUNA are closely following hearings on both sides of Congress this week, but none more important than Thursday’s Senate Banking Committee mark-up on the “Financial Regulatory Improvement Act of 2015.”
GRAND RAPIDS, Mich.—One of the primary reasons The Finest Federal Credit Union was able to officially open its doors last week is that is operating with free data processing services for the first two years of its life.
MADISON, Wis. – Credit unions looking for information and tools to help members with medical debt now have an added aid, a Medical Debt Toolkit that has been released by the National Credit Union Foundation (the Foundation).