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Farmer Mac fires CEO for violating company policies

CU Journal - Thu, 12/07/2017 - 6:20pm
Farmer Mac has terminated President and CEO Timothy Buzby for violating company policies not related to its financial and business performance.
Categories: Credit Union News

FHA loan limits get a boost for 2018

CU Journal - Thu, 12/07/2017 - 4:20pm
The maximum loan amount for Federal Housing Administration mortgages will go up in more than 3,000 counties for 2018.
Categories: Credit Union News

Force NCUA to Repeal Risk-Based Capital Rule: MIT Credit Union CEO

CU Times - Thu, 12/07/2017 - 2:23pm
A credit union CEO worries about "constraining lending" to comply with the NCUA's risk-based capital rule.
Categories: Credit Union News

Digital Board Meeting Platform Helps Credit Unions Govern

CU Times - Thu, 12/07/2017 - 1:27pm
A new digital product launch, OnBoard, aims to improve governance programs for credit unions.
Categories: Credit Union News

U.S. cracks down on firms making predatory mortgages to veterans

CU Journal - Thu, 12/07/2017 - 12:19pm
The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.
Categories: Credit Union News

Authorities Investigating Police Credit Union in Kentucky

CU Times - Thu, 12/07/2017 - 11:45am
State regulator is conducting an examination and the reported theft.
Categories: Credit Union News

Meet the new crop of banking regulators

CU Journal - Thu, 12/07/2017 - 11:19am
More than 10 months into office, the Trump administration’s takeover of banking regulators is effectively complete – with one notable exception
Categories: Credit Union News

CFPB Indirect Auto Guidance Violated Law, Report Finds

CU Times - Thu, 12/07/2017 - 11:12am
The Government Accountabililty Office concludes auto sales guideance from the CFPB violates federal law.
Categories: Credit Union News

Five credit unions convert to Fiserv’s DNA core platform

CU Journal - Thu, 12/07/2017 - 10:19am
The financial institutions hope to enhance operational efficiency while improving members' digital experience.
Categories: Credit Union News

Missouri credit unions complete merger

CU Journal - Thu, 12/07/2017 - 10:19am
The resulting entity will serve approximately 24,000 members with $225 millionin assets.
Categories: Credit Union News

GAO Releases First ‘Regulatory Capture’ Report; NCUA Report to Follow

CU Times - Thu, 12/07/2017 - 9:56am
As the first GAO report on "regulatory capture" comes out this week, CU leaders await reports on the NCUA.
Categories: Credit Union News

NAFCU Joins Enterprise Ethereum Alliance

CU Times - Thu, 12/07/2017 - 9:32am
NAFCU takes another step into blockchain with Enterprice Ethereum Alliance.
Categories: Credit Union News

Four questions on reg relief’s future after landmark vote

CU Journal - Thu, 12/07/2017 - 9:19am
The Senate Banking Committee's passage of a regulatory relief bill is fueling optimism about its advancement, but it still must clear a series of legislative hurdles before becoming law.
Categories: Credit Union News

New York credit union sues Trump over CFPB appointee

CU Journal - Wed, 12/06/2017 - 5:17pm
The low-income CU argues that Mulvaney’s installment as acting director violates the Constitution
Categories: Credit Union News

CUs Close, Employees Evacuate as Wildfires Scorch California Again

CU Times - Wed, 12/06/2017 - 4:42pm
At least five credit unions in the Los Angeles area have been forced to shut down operations due to the wildfires.
Categories: Credit Union News

Breaking down Hensarling’s GSE reform overture

CU Journal - Wed, 12/06/2017 - 3:17pm
House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he’s pushed for years to virtually eliminate the government’s role in the mortgage market lacks the support to become law.
Categories: Credit Union News

Members First CU pledges NCUA rebate to local charities

CU Journal - Wed, 12/06/2017 - 3:17pm
The credit union will get money back sometime late next year as a result of the merger of the Temporary Corporate Credit Union Stabilization Fund and the National Credit Union Share Insurance Fund.
Categories: Credit Union News

How two CUs tackled branch modifications without alienating members

CU Journal - Wed, 12/06/2017 - 3:17pm
The key, experts say, is ensuring that staff makes members understand the reasoning behind the changes and making them feel like a part of the process.
Categories: Credit Union News

CULedger Appoints New CEO

CU Times - Wed, 12/06/2017 - 2:11pm
CULedger announces a new CEO who looks at blockchain and other digital efforts to guide credit unions forward with tech.
Categories: Credit Union News

FinCEN Launches Info Exchange With FIs

CU Times - Wed, 12/06/2017 - 1:00pm
A new information-exchange solution hops to share high-risk threats with the financial industry.
Categories: Credit Union News


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