Advanced search

LINCOLN, Neb.— Liberty First Credit Union here has been hit with two proposed federal class actions accusing the organization of negligently failing to protect the personal information of more than 52,000 people that was exposed in a September data breach, Bloomberg Law reported.

LEWISTON, Idaho—A Clarkston woman has been sentenced to probation and withheld judgment after taking more than $63,000 from Idaho Central Credit Union.

WASHINGTON—NCUA’s latest letter to credit unions outlines the agency’s supervisory approach to overdraft and non-sufficient funds (NSF) fee practices. Despite overdraft and NSF products being heavily regulated and demanded by credit union members, the letter claims overdraft and NSF fees can cause harm to consumers, America’s Credit Unions said.

WASHINGTON—Consumer prices bumped up in November by the most in several months, the Bureau of Labor Statistics reported Wednesday.

WASHINGTON–The CFPB has issued a final rule on overdrafts that will likely drive many financial institutions over $10 billion in assets to drop their OD charge to a miniscule $5--if the regulation is not rolled back by the Trump Administration.

WASHINGTON—Saying the CFPB is not a “dead fish,” the agency’s director, Rohit Chopra, stated Wednesday the Bureau will press forward with rulemaking, even as federal banking agencies have paused their major initiatives until after President-Elect Trump takes office.