NAFCU calls amount “astronomical,” CUNA mum on what it spent on a separate legal opinion on risk-based capital.
Federal Credit Union Act provides “interpretive flexibility” to implement a two-tier risk-based net worth system.
Small Tennessee credit union says it lost $545,000 after tech giant failed to activate antivirus software.
Defendants in the litigation flowing from the liquidation of the Western Federal Corporate Credit Union have served notice that they want to depose the NCUA in the case.
Deal approved nearly three years after members filed a class action suit against IBM Southeast Employees FCU for the sale of fraudulent investments.
SAN ANTONIO — The proliferation of social media, email, electronic storage of documents, tweets and texts makes for fertile ground for lawyers sniffing out ammunition in lawsuits against credit unions and other organizations.
SAN ANTONIO – What you don’t know can hurt you, and what you do know but aren’t telling can hurt just as much, according to an attorney and legal technologist who specialists in e-discovery.
NAFCU is "deeply concerned," about the Federal Reserve's proposal to regulate interchange fees and contends that the "supposed small issuer exemption is illusory" and won't protect small issuers.
The ongoing battle in federal court over the fallout from the CU National mortgage scandal continues.