WASHINGTON—The Justice Department is objecting to bankruptcy plan filed by Bittrex, a cryptocurrency exchange that owes millions of dollars in fines to the government.
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WASHINGTON—The Federal Communications Commission (FCC) has proposed new rules regarding consumers’ right to revoke consent to receive robocalls and robotexts.
ALEXANDRIA, Va.–Despite the strong overall performance of credit unions as seen in NCUA’s first quarter data, the agency’s chairman sees potential red flags for CUs to watch in delinquencies and other areas, while adding NCUA has also increased its scrutiny of a number of large credit unions feeling particularly strong liquidity pressure.
ARLINGTON, Va.—Total consumer credit grew 5.7% in April at a seasonally-adjusted, annualized rate and is up 6.8% compared to a year ago, according to new data from the Federal Reserve.
WEST DES MOINES, Iowa–Three credit unions and the Iowa Credit Union League have filed suit against NCUA seeking to recover funds invested by the former Iowa Corporate Central Credit Union in the now defunct U.S. Central Credit Union.
SANTA PAULA, Calif.–A former manager of a credit union has been charged with stealing more than a quarter-million dollars from the credit union over a period of three years.
WASHINGTON–CUNA’s economists, including Senior Economist Dawit Kebede, have released an updated macroeconomic and credit union forecast for 2023 as part of the May 2023 CUNA Economic Update.
RICHMOND, Va.- The Virginia Credit Union League has announced its board election results, as well as presented its Farley Award to one CU leader.
TALLAHASSEE, Fla.– The Southeastern Credit Union Foundation (SECUF), the charitable arm of the League of Southeastern Credit Unions & Affiliates said it is entering into a partnership with Jacksonville, Fla.-based City & Police FCU to “transform the landscape of credit union member services.”
EAST LANSING, Mich. —A CUSO of MSU Federal Credit Union, Reseda Group, is investing more than $2 million to support five emerging fintechs as part of its “commitment to discover and elevate innovative technology and solutions to revolutionize the credit union industry and member experience.”