Credit unions report examiner strong-arming to sell off long-term investments at a loss.
House Republicans asked tough questions of Richard Cordray about his plans for running the Consumer Financial Protection Bureau, but the session wasn’t as hostile as it was when Elizabeth Warren testified.
Former APCO Employees Credit Union Vice President Merrill Mann has been promoted to president/CEO.
The former chair of the NCUA, JoAnn Johnson, is going back to supervising credit unions. Johnson was named last week by Iowa Gov. Terry Branstad as the state's new superintendent in the Iowa Division of Credit Unions.
Alabama Gov. Robert Bentley, a Republican, has appointed former APCO Employees Credit Union CEO Larry Morgan as the state's top credit union regulator.