More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
The troubles at Nevada’s Silver State Schools Credit Union, which include a 2% pay cut in September, reverberated across the state again last week.
Overturning a proposed debit interchange cap on legal grounds may set a precedent against exempting credit unions from future regulations that affect large banks and other financial institutions.
The U.S. Justice Department announced last week that a long-running antitrust investigation against the three largest card brands has ended in a settlement with two of the three and litigation against the third.
The U.S. Justice Department announced today that it has filed an antitrust case against the three major card brands but that Visa and MasterCard have already settled with the government.
Triton of Delaware, an ATM manufacturer that makes its machines in the U.S. and was formerly a division of the Dover Corp., has been sold to private investors, the company confirmed.
Triton of Delaware, an ATM manufacturer that makes its machines in the U.S., and formerly a division of the Dover Corporation, has been sold to private investors, the company has confirmed press reports.
The Texas Credit Union League, citing a $160 million federal fine against a large bank for money laundering violations,
The U.S. Justice Department has sided in favor of a credit union locked in a legal battle against its state.
The Texas Credit Union League warned against complacency in Bank Secrecy Act and Office of Foreign Assets Control compliance following a $160 million money laundering judgment against the old Wachovia Bank, now part of Wells Fargo.