News

Financial institutions that originate mortgages must submit background information and fingerprints for the licensing of loan originators, under proposed rules issued by NCUA and five other regulatory agencies.

An arbitration panel said CASE Credit Union is entitled to $1 million from Prudential Equity Group LLC for alleged losses it suffered as a result of investing in collaterized mortgage obligations.

The earnings woes of Arizona credit unions--95% of them lost money in the first quarter--drew high-profile media coverage over the weekend, including the headline, "Arizona Credit Unions Hard Hit in First Quarter."

Teres Solutions said it is now integrating the account opening solution from Andera into its SAIL automated lending platform.

Truliant Federal Credit Union in Winston-Salem, N.C., has deployed the FraudMAP behavioral activity monitor from Guardian Analytics of Los Altos, Calif.

Members of the $104 million XCEL Federal Credit Union will now have access to investment and insurance services thanks to a partnership with United Nations Federal Credit Union.