If the three largest state-chartered credit unions in California were to convert to federal charters, the state’s regulator would lose $1.7 million of its $7.2 million budget, leaving small and midsize state-chartered credit unions to subsidize that loss.
This preview from our Sept. 4 print edition looks at a new state law that should lower disproportionate fees for the largest credit unions in the state.
California credit union one of seven hit with actions over alleged re-sequencing of debit card transactions.
A San Jose, Calif.-based attorney has filed seven class action lawsuits against credit unions, alleging overdraft shenanigans.
uMonitor said more than 180 people and 25 credit unions participated in the company's second-annual uShare, a two-day virtual conference for users of its account opening and funding and other solutions, the company said.
More than 180 people and 25 credit unions participated in uMonitor's recent two-day virtual conference for users of its account opening and funding and other solutions, the Memphis, Tenn., company said.