law

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  Backlash Builds on NCUA Waivers

  By Michelle A. Samaad  |  May 1, 2013

  There is a growing industry backlash against the criteria for member business loan waivers.

• Onsite Coverage: Some Wonder if MBL Waivers Are Worth Applying For

  By Michelle Samaad  |  April 19, 2013

  NCUA program officer gets an earful about business loan waivers from NACUSO attendees.

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  Onsite Coverage: Debate Heats Up on Who’s in Charge of MBL Due Diligence

  By Michelle A. Samaad  |  April 18, 2013

  LAS VEGAS — Some say credit unions, CUSOs get mixed messages about who's responsible for due diligence in business lending.

• LaCorp Reaps $600,000 Settlement From Credit Suisse

  By Heather Anderson  |  April 17, 2013

  Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises. The corporate, in an announcement last week, said it has agreed to a $600,000 settlement with Credit Suisse, the last remaining defendant in the securities fraud case.

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  LaCorp Reaps $600,000 Settlement in 2002 Securities Fraud Suit

  By Heather Anderson  |  April 9, 2013

  CEO David Savoie says 98% of losses recovered. Legal fees at 10% sharply lower than NCUA contingent fees.

• People 4-3-13

  April 3, 2013

• CFPB Eyes Discrimination

  By Michelle A. Samaad  |  April 3, 2013

  It didn’t take long to hear the buzz when the Consumer Financial Protection Bureau reminded indirect lenders that they must comply with certain regulations to ensure that they are not discriminating against minorities when marking up interest rates.

• Auto Lending Scams Grow, Prompt Alerts

  By Michelle A. Samaad  |  March 27, 2013

  A Lexus dealership, sun-soaked Miami Beach, a rogue police officer and nearly a dozen criminal accomplices. It might sound like the early sketches of a Hollywood action film, but the setting and characters are real.

• HarborOne Members Approve Conversion to Bank

  By Peter Strozniak  |  March 18, 2013

  Boston-area credit union founded in 1917 now to make move to mutual co-operative bank charter.

• NAFCU Services Adds Vendor Management Compliance to Partner Program

  By Michelle A. Samaad  |  March 11, 2013

  Quantivate Vendor Management offers business continuity, risk management, information security, vendor and audit management services.