Fresh Today

Fresh Today

WASHINGTON—After suing Dallas-based Union Workers Credit Services for allegedly deceiving consumers into paying fees to sign up for a “sham” credit card, the CFPB has taken action to shut down the company’s card operations.

WOBURN, Mass.—Betty Girardi has retired as CEO of Woburn Municipal Employees Federal Credit Union after being part of the organization for more than 40 years.

BISMARCK, N.D.—North Dakota’s credit unions are lobbying against a bill in the state legislature that would require credit unions and other issuers to release a debit card hold placed on an account for the preauthorized amount within two business days when the transaction was satisfied by a means other than the debit card.

MADISON, Wis. – CUNA Mutual Group reported that its Total Benefits Pre-Funding program has reached $1 billion in assets under management in January, which it said is a “positive sign credit unions are taking advantage of previously impermissible investments to help fund the rising costs of employee benefits programs.”