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WASHINGTON—Following a Federal Trade Commission lawsuit, the operators of a telemarketing scam that called hundreds of thousands of consumers nationwide to pitch them expensive “extended automobile warranties” will face a lifetime ban from the extended automobile warranty industry and from all outbound telemarketing.

WASHINGTON – The failed Silicon Valley Bank (SVB) has a new owner. The Federal Deposit Insurance Corporation (FDIC) said it has entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank by First-Citizens Bank & Trust Company, Raleigh, N.C.

RALEIGH, N.C.-– The Coastal Credit Union Foundation has granted $100,000 each to Habitat for Humanity of Orange County and Habitat for Humanity of Durham County to fund the building of two homes in honor of the credit union’s retiring CEO, Chuck Purvis and his wife, Gail Purvis.

LONDON —Tough rules are needed to “detoxify” crypto to remove conflicts of interest, safeguard customer assets and force through radical changes to business models, Britain’s financial watchdog is saying.

BRUSSELS, Belgium—Merchants in the eurozone could be required to accept a digital euro if it is deemed to be legal tender, according to a paper distributed to members of the Council of the European Union.

JACKSON, Tenn.--Leaders Credit Union announced that four employees have completed CUNA's  Financial Counseling Certification Program.

DULUTH, Ga. – Georgia United Foundation has named six Georgia high school seniors as recipients of its 2023 scholarship competition. 

LAS VEGAS–There is no shortage of both bad people and bad organizations and bad decisions in the world, but what can a credit union really do? Does it even have a responsibility to act? Does it have the capacity to make much of a difference?  Those questions were at the heart of a debate among four people here.

WASHINGTON—A credit union executive testifying before a House committee said the CFPB’s proposed section 1071 rulemaking will negatively impact small business lending by adding compliance burdens, costs and friction to small business relationships.