Credit Union Times | Accurate and Timely CU News

SEC Halts $47 Million Payday Loan Ponzi

By Michelle A. Samaad

The Securities and Exchange Commission has frozen the assets of two online payday loan companies and charged the owner with allegedly perpetrating a $47 million fraud and Ponzi scheme.

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SEC Halts $47 Million Payday Loan Ponzi

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Budding Student Entrepreneurs Make $40,000 Elevator Pitch

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March 28, 2011

Virginia CU Runs ‘Final Four’ Ads

With a new Facebook ad entitled “VCU in the Final Four,” the $2 billion Virginia Credit Union of Richmond wasted little time Monday in joining in the celebration of the underdog Virginia Commonwealth University Rams basketball team winning a “Final Four” berth in Sunday’s NCAA championship game.

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March 28, 2011

New Mortgage Regulation Could Strongly Impact Market

A proposed mortgage definition that analysts say could arrive this week promises to have a strong impact on the sort of secondary mortgage market credit unions will face one day.

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March 28, 2011

MSU FCU Launches Affinity Card

The $1.9 billion Michigan State University Federal Credit Union has joined the ranks of CUs that have picked up affinity card issuing relationships that were previously held by banks.

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March 28, 2011

MSU FCU Launches Affinity Card

The $1.9 billion Michigan State University Federal Credit Union has joined the ranks of CUs that have picked up affinity card issuing relationships that were previously held by banks.

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March 28, 2011

CU Tax Exemption Triggers Ohio Fed Clash

The credit union tax exemption continues to evoke bank-CU clashes–even at one of those information-gathering Federal Reserve meetings aimed at demonstrating grassroots harmony.

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March 25, 2011

Three Developers Indicted in CU Fraud

Three New Mexico real estate developers have been indicted in federal court for allegedly having defrauded a New Mexico Credit Union out of millions of dollars.

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March 25, 2011