Head of National People's Action group says focus will be on Wells Fargo, Bank of America annual meetings in coming days.
Visa USA has reported that U.S. financial institutions have issued more than one million credit and debit cards that use information on embedded computer chips to validate transactions instead of magnetic stripe technology.
MAUI, Hawaii — Much noise was made following the NCUA’s issuance of its regulation concerning the responsibilities of federal credit unions’ boards of directors last year. But Brian Witt, partner with Farleigh Wada Witt, despite some insurance providers’ assertions, said “I don’t think your personal risk is greatly increased.”
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.
Former Wachovia customers in South Carolina, Florida report getting other people's statements.
Citing changed economic times, Wells Fargo has announced that it will stop originating reverse mortgages, a product that some credit unions originate.
A new person-to-person payment service launched by three major banks poses more of a long-term challenge than short-term threat to credit unions, an analyst said.
clearXchange billed as the first bank-owned P2P; credit union impact seen more in long term.
The Virginia Credit Union League is telling its credit unions to take advantage of the vanishing Wachovia logo following the Wells Fargo takeover.