News

Rick Stipa, president/CEO of Trumark Financial CU, will lead new trade group representing more than 500 CUs in Pennsylvania and New Jersey.

Bankers want lawmakers to focus on the SAFE Banking Act. CU groups are expected to send their recommendations soon.

The new name took effect on Jan. 2 and CU leaders hope it will help mitigate confusion about who is eligible to join.

Applications are due by Feb. 27 and the CFPB plans to announce the new members later this summer.

Despite attempts made to gain clarification on the taxi medallion auction, the agency's official statement is "No comment."

Ex-NYC cop Joseph Guagliardo admits to embezzling more than $400,000 from the New York City-based cooperative over nine years.