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.
CEO David Savoie says 98% of losses recovered. Legal fees at 10% sharply lower than NCUA contingent fees.
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.
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.
Boston-area credit union founded in 1917 now to make move to mutual co-operative bank charter.
Quantivate Vendor Management offers business continuity, risk management, information security, vendor and audit management services.
Members will cast their vote Monday on whether to convert the $1.8 billion HarborOne CU in Brockton, Mass., to a mutual co-operative bank charter.
The Hampton Roads, Va.-based law firm Kaufman & Canoles announced partners Andrew Keeney and Dustin DeVore have been selected to co-chair the firm’s new credit union team. The firm said in a release the team was formed to respond to a growing credit union industry, where regulations are constantly changing...
Firm launches credit union team to help CUs with regulatory burdens.