The 177,000-member, $1.4 billion GTE Federal Credit Union faces a $51,000 fee from Fannie Mae because it only used foreclosure attorneys the government-backed mortgage giant approved and ordered it to use.
Fannie Mae imposes $51,000 fee for delays CU says it caused. Find out more in this article from the Feb. 8 print edition of Credit Union Times.
A new association of smaller, independent ATM deployers may provide credit unions with an additional ally on certain ATM regulatory fights, according to an executive with the new trade group.
The final deadline for ATMs to be compliant with the Americans with Disabilities Act is approaching. While many CUs have already taken steps to have their machines ready, others have not, according to industry executives.
Expert advice: Use one computer only for online banking. Nothing else. “No email, no Facebook, no porn, nothing else.”
New York Gov. Andrew Cuomo signed a credit union-backed bill that places stricter guidelines when creditors subpoena information.
Law firms seeking relatively easy settlements have helped fuel the numbers of lawsuits against both credit unions and community banks over alleged failures to comply with ATM regulations.
This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
See you in court. After failing to reach an agreement with two of the largest investment bank to recover losses from mortgage-backed securities sold to corporate credit unions, the NCUA last week filed civil lawsuits against RBS Securities, a Royal Bank of Scotland unit, and J.P. Morgan Securities. The agency is...
Experienced litigators in such matters retained by agency, which declines to speculate on costs.