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The $188 million Marriott Employees Federal Credit Union asked a federal judge to throw out a civil lawsuit brought by two members. They claimed the Bethesda, Md.-based credit union violated the Truth in Lending Act by failing to disclose the true cost of mini-loans for which members were allegedly charged an interest rate of 46%.Recommended Stories
Police Search for Female Suspect in Members' Account Thefts at CUs in 3 States
Investigators believe Danielle Cappetti victimized member accounts tied to HELOCs in Delaware, Pennsylvania and New York.
CU Tip Leads to 37-Month Prison Sentence for Texas Romance Fraudster
Fola Alabi is ordered to pay restitution of $1.4 million stolen through a national romance scam initially detected by Westerly Community CU.
Resource Center
Case Study
Sponsored by Upstart
How Vantage West is Optimizing Its Portfolio To Withstand Economic Cycles
When Vantage West CU decided to prioritize a seamless digital experience and data-driven lending decisions, they knew the right partner was critical. Download this case study and discover how they diversified their loan portfolio, acquired 1400 new members in 6 months, and built in flexibility to withstand the economic cycles.
Guide
Sponsored by Fortra's Tripwire
Gaining Control of Financial Services Cybersecurity Regulations
This guide covers the main regulations credit unions need to comply with and provides exceptional tips to go beyond simple compliance for powerful cybersecurity coverage.
Report
Sponsored by Elan Credit Card
Credit Card Strategy in a Rising Rate Environment
With the current economic environment and rise in interest rates, credit unions may find the credit card market increasingly complex to operate internally. Learn why shifting from insourcing to outsourcing your credit card program can benefit your credit union.
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