Long Island credit union invests in community with three-year scholarship in honor of former board member.
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.
The Federal Reserve announced in an Aug. 21 court hearing it will defend its current debit interchange rule before an appeals court. And in a twist, the Fed also said it will join forces with its opponents to seek a speedy appeal decision.
Fed, merchant coalition tell judge they plan to appeal debit interchange ruling.
State judge rules that Wallingford Municipal Federal Credit Union stole protected benefits to repay defaulted loan.
An irate judge threw the Federal Reserve another curve ball during an Aug. 14 hearing when he gave the regulator until Aug. 21 to persuade the court why its 21-cent interchange debit cap should not end.
Judge raised the possibility of ordering card issuers to pay merchants while he gave Fed another week to explain how it would amend cap rule.
Mark Fetcher doesn’t care why New London Security Federal Credit Union failed back in 2008.
Federal judge says so in SEC case against alleged Ponzi schemer.
The battle over a new federal regulation barring “disparate impact” in sale of homeowner’s insurance is moving to the courts.