The owner of two online payday loan businesses that charged interest rates ranging from 89% to 169%, plus fees, will no longer be doing business in Pennsylvania.
Melissa Rae Rosing receives a prohibition order after pleading guilty to theft from the $15M Southwest Communities FCU.
Blaine says he prefers CFPB to NCUA. Cheney opposes leaving just one credit union under CFPB supervision.
If the Toomey-Donnelly bill passes, only Navy FCU would be directly supervised by the CFPB.
The $5.6 billion Bethpage Federal Credit Union in Bethpage, N.Y., named Lynda Nicolino to the newly created position of corporate general counsel where her focus will be on government relations. Nicolino was general counsel and secretary of the Long Island Power Authority where she had worked for the past 15...
Akcelerant signs three more credit unions as users of its loan origination and collections software solutions.
Charging fees on a per-user basis punishes successful digital channel marketing and adoption.
The California-based firm also faces enforcement and civil actions in 13 other states.
Two of the largest mergers occur in California and Minnesota.
Nebraska, North Dakota and South Dakota's small businesses fare best in new research from the SBA.