News

• Loan Fraud Claims Spark Lawsuits, C-Suite Suspensions at Alabama One

  By Missy Baxter  |  March 16, 2014

  Members claim four employees at the $608M credit union, including the CEO and COO, committed loan fraud to avoid overexposure to one member.

• SunCorp Scores Six New Members

  By Marc Rapport  |  March 14, 2014

  Denver-area corporate did not reveal if new members paid in capital to join.

• Patent Troll Bill Gets Committee Date

  By Nicholas Ballasy  |  March 14, 2014

  Bill that would prevent patent abuse will be considered by the Senate Judiciary Committee on March 27.

• People

  By Marc Rapport  |  March 14, 2014

  Read about this week's credit union industry career moves.

• Mergers Off to a Slow Start in 2014

  By Peter Strozniak  |  March 14, 2014

  The NCUA approved only about half as many mergers in January as it did two years earlier.

• Winter Whites Out CFPB's Effect on Mortgage Lending

  By David Morrison  |  March 14, 2014

  Purchase mortgages are down 15% from MBA forecasts, but this winter's inclement weather is at least partly to blame.

• Flood Insurance Bill Ready for Obama's Pen

  By Heather Anderson  |  March 13, 2014

  New law will give relief to homeowners facing steep rate hikes due to FEMA remapping.

• FHLB Access for Privately Insured CUs Advances

  By Heather Anderson  |  March 13, 2014

  ASI-approved H.R. 3584, which would allow privately-insured credit unions to join a FHLB, passes House committee markup.

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  Royce's New Bill Tips MBL Cap

  By Nicholas Ballasy  |  March 13, 2014

  Bill introduced Thursday by Rep. Ed Royce (R-Calif.) excludes 1- to 4-family residence loans from MBL cap.

• San Jose Market Too Hot for Mortgage Growth

  By David Morrison  |  March 13, 2014

  Meriwest executive observes sparse inventory is keeping members from buying homes, which means fewer new mortgages.