Bank Targeted By Class Action Over OD Fees on Transactions ‘That Don’t Actually Overdraw Accounts’ 02/15/2023 07:34 pm RICHMOND, Va.–Atlantic Union Bank has been hit with a class action lawsuit that alleges the bank charges overdraft fees on transactions that do not actually overdraw customers’ accounts.
FinCEN Proposal on Beneficial Ownership Could Create Issues for CUs, NAFCU Says 02/15/2023 07:35 pm WASHINGTON—The Financial Crimes Enforcement Network’s (FinCEN) proposed rule regarding beneficial ownership information (BOI) access and safeguards could raise issues for credit unions, NAFCU is asserting.
Agenda Released for Today’s FTC Forum on Non-Compete Clauses 02/15/2023 07:34 pm WASHINGTON—The Federal Trade Commission has released the final agenda for a forum it will be hosting today to examine a proposed rule that would prohibit employers from what the agency has described as “imposing harmful noncompete restrictions” on workers.
North Dakota CUs Report They Have ‘Again Been Denied’ in Attempt to Recover Funds From Failed Corporate 02/15/2023 07:36 pm BISMARCK, N.D.–North Dakota’s credit unions are reporting they have “once again been denied” by NCUA a recovery they have been seeking on $10.5 million in membership capital account (MCA) assets and $3.3 million in paid in capital (PIC) assets recovered from the liquidation of U.S. Central.
Walls are ‘Closing in Around Crypto,’ Report Suggests 02/15/2023 07:36 pm WASHINGTON–The walls are “closing in around crypto,” according to one new report.
Centric FCU Expands FOM to 26 More Underserved Counties with Assist from Dollar Associates 02/15/2023 07:34 pm WEST MONROE, La.–Centric Federal Credit Union has expanded its field of membership to 26 additional underserved parishes/counties in Louisiana and Arkansas following approval from NCUA. The expansion was done in partnership with Dollar Associates.
Eglin FCU Named Large Biz of the Year 02/17/2023 11:04 am FORT WALTON BEACH, Fla.–Eglin Federal Credit Union has been named the Large Business of the Year by the Niceville Valparaiso Chamber of Commerce at its annual awards celebration held at the Mattie Kelly Arts Center.
Workers Credit Union Makes Three Staffing Moves 02/17/2023 09:39 am LITTLETON, MASS– Workers Credit Union has made three staffing moves.
PSECU's Rudolph Named to 2023 Power 100 List 02/17/2023 10:30 am HARRISBURG, Pa. PSECU President & CEO, George Rudolph, has been named to the 2023 Central Penn Business Journal’s (CPBJ) Power 100 List.
