The ongoing fight over federal debit interchange regulations entered its newest round Oct. 21 as the Federal Reserve filed its appeal that seeks to reverse a July 31 District Court decision overturning its current rule.
Bulletin summarizes, reiterates existing law.
State joins New York, federal laws that waive requirement for on-screen and physical notice of fees.
A former employee and member of the $18.6 million Wallingford Municipal Federal Credit Union was awarded more than $200,000 after a judge ruled the Wallingford, Conn., cooperative committed theft when it seized the woman’s $13,801 Social Security disability benefit.
Matz in Detroit at AACUC, Fryzel in Boston at AACUL.
Bill signed Thursday by Gov. Andrew Cuomo brings Empire State into conformity with national law.
New York AG investigating practice, consultant says, and group of 16 Senate Dems write CFPB seeking federal probe.
"We compensate board members more out of a sense of fairness than anything else,” explained Lin Hodges, president/CEO of Associated Credit Union of Norcross, Ga.
After a quick two-day retrial before re a judge, former United Food and Commercial Workers Local 1776 FCU CEO Anne L. Clyburn was convicted June 28 on 12 counts that she used credit union checks to pay personal dental bills.
Part two of this analysis of credit union board compensation by Credit Union Times. From our July 10 print edition.