$38 million First Choice FCU of Pennsylvania files a class action suit seeking damages stemming from card data breach.
Document expected to emphasize that Feds will pursue sellers who abuse new Colorado law legalizing pot sales, but vetting account holders could be tricky.
North Carolina credit union cites potential impact of fracking on future property values.
League says thefts have affected foreclosed properties and some branches.
The NCUA and other federal agencies said Sept. 24 that reporting suspected elder financial abuse does not generally violate privacy law.
NCUA joins fellow agencies in issuing guidance under Gramm-Leach-Bliley that allows financial institutions to report suspected fraud against elderly.
In taking steps to provide federal credit unions with derivatives authority as an additional tool to manage interest rate risk on the balance sheet, the NCUA demonstrated flexible thinking in evaluating its rules. That is to be commended.
Credit union trade groups are in agreement when it comes to the NCUA’s derivatives proposal. Unfortunately, the responses aren’t pretty.
Bill signed Thursday by Gov. Andrew Cuomo brings Empire State into conformity with national law.
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.