Advanced search

NEW YORK—Two separate actions have been taken against proprietors of debt-collection firms, including a guilty plea from one former CEO.

LAFAYETTE, La. –A contest that involved members uploading pictures of their ugly cars to a special website has resulted in a near doubling of auto loan volume for one credit union.

NEW YORK—Citi is overhauling its credit card rewards programs, and consumers may not like the changes, one analysis suggests.

ONTARIO, Calif.–Credit unions headquartered in California have surpassed $200-billion in assets for the first time, closing the first quarter at $206-billion.

WASHINGTON–Five federal financial regulatory agencies have adopted a final rule to exclude community banks from the Volcker Rule, saying the rule is consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

BOULDER, Colo.–Elevations Credit Union has become the latest to be hit with a lawsuit over its overdraft practices. The suit was filed by a law firm that has targeted other credit unions.

ELGIN, Ill.–Corporate America Family Credit Union has purchased Ben Franklin Financial, the holding company for Ben Franklin Bank of Illinois, in an all-cash transaction.

WASHINGTON–Synthetic identity payments fraud is a fast-growing but little-understood problem affecting everyone from individuals to financial institutions to government agencies to private industry, according to a new  white paper (PDF) released by the Federal Reserve System.

ARLINGTON, Va.—On the same day the Fed chairman was updating Congress on the state of the economy, a NAFCU economist continued to offer a positive forecast.

NEW YORK–A new report on this city’s troubled taxi medallion industry has found two-thirds of the medallion loans that have many borrowers in financial straits were issued by credit unions, and that those same CUs—in some cases represented by NCUA–are “least willing” to work with borrowers on new repayment plans.