Texas bank, CEI, attorneys general lay out claims against new federal regulations, regulator.
Credit unions that received a notice from the IRS informing them that their tax-exempt status had been revoked due to improper filing now have specific instructions on how to have it restored.
Nearly three months after the NCUA was appointed the liquidating agent for Telesis Community Credit Union, the agency has been working behind the scenes to divest the cooperative’s roughly $4 million stake in Autoland Inc., an auto buying CUSO.
I was galled at the childishness of bankers in Vermont putting the regulator up to blocking a credit union from using the term “banking” in its marketing materials, and the state regulator for his, at best, naiveté. Readers had the same reaction as you can see from the comments posted...
In a cease and desist order, Georgia’s chief regulator, Robert Braswell, has told a suburban Atlanta firm, Georgia Entertainer’s Credit Union, to stop calling itself a credit union.