Consumer Groups’ Lawsuit Alleges Lender Has Minority Borrowers ‘Trapped in Contracts Structured to Fail’ 09/30/2020 07:51 pm DETROIT–The NAACP Legal Defense and Educational Fund (LDF), the American Civil Liberties Union of Michigan (ACLU), the National Consumer Law Center (NCLC), and the Michigan Poverty Law Program filed a federal class action lawsuit against Vision Property Management alleging financially challenged Detroit- and Flint-area residents to whom Vision promised a path to homeownership are “now trapped in contracts structured to fail.”
Inclusiv Awards 59 ‘Resilience Fund’ Grants 09/30/2020 07:54 pm NEW YORK– Inclusiv said it has awarded 59 Resilience Fund grants to minority designated credit unions and cooperativas that “define what it means to be resilient.”
CUNA, NAFCU Join Other Financial Trade Groups in Pushing Congress to Continue Paycheck Protection Program 09/30/2020 07:54 pm WASHINGTON—As Congress continues negotiations on a Phase 4 coronavirus relief package, CUNA and NAFCU joined with other financial services trade organizations to urge Congress to support small businesses and pass legislation that would continue the Paycheck Protection Program (PPP) and simplify the forgiveness process for PPP loans.
Two South Carolina CUs Announce Merger Plans 09/30/2020 07:52 pm LANCASTER, S.C.–Two South Carolina credit unions have announced plans to merge into what would be $3-billion credit union.
NCUA Bans One Person From Working in Credit Unions 09/30/2020 07:54 pm ALEXANDRIA, Va.–NCUA has banned one person from working in credit unions with the issuance of a single prohibition notice in September.
Shell FCU Selects Lumin Digital For Digital Banking 09/23/2020 08:01 pm DEER PARK, Texas–Shell FCU has signed a multi-year contract with Lumin Digital, a PSCU company, to use the company’s cloud-based platform as the credit union’s digital banking solution.
Tower FCU's Mellinger Joins CAMI Advisory Council 09/24/2020 10:20 am LAUREL, Md. – Phil Mellinger, Vice President of Information Security for Tower Federal Credit Union, has joined the Cybersecurity Association of Maryland, Inc. (CAMI) Advisory Council.