Rule was first proposed in December 2011 and first iteration would limit participations from a single originator to 25% of net worth.
A Philadelphia-area credit union manager’s retrial on theft charges, originally scheduled for June 3, was postponed to June 27, according to the Montgomery County Deputy District Attorney Steven Latzer.
Case continues for UFCW Local 1776 ex-manager Anne Clyburn, fired in 2007 and charged with unauthorized raises, improper expenditures.
Oregon case thrown out but industry attorney says NCUA should take notice of judicial treatment of Federal Credit Union Act.
ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...
California credit union first to emerge from NCUA management since 2007.
A U.S. Department of Homeland Security memo that said the May 7 distributed denial of service attacks threatened by the so-called “hacktivist” collective Anonymous against government and financial websites would be more bark than bite prove to be true.
By the 1990s, the lending landscape in South San Francisco had changed considerably since a group of teachers came together in 1954 to charter a new credit union for access to small, personal loans.
Hacktivists Anonymous threats failed to materialize but that doesn't mean DDoS attacks won't follow, and they could go beyond the website.
In a sweeping order that delays proceedings on eight pending NCUA lawsuits against Wall Street banks over mortgage backed securities sold to failed corporate credit unions, U.S. District Judge John W. Lungstrum said April 29 that he will wait for the result of a related appeals court ruling, citing concerns...