News

NCUA today responded to the possibility of a settlement in a lawsuit between Everest National Insurance Company and Robert Sutton, former CEO of Centrix Financial LLC and other former Centrix officials.

In a scathing lawsuit filed in the United States District Court, District of New Jersey, Everest National Insurance Company charges Robert Sutton, former CEO of Centrix Financial LLC and other former Centrix officials with fraud and conspiracy. The charges relate to Centrix's operation of its Portfolio Management Program (PMP) and...

Despite strong opposition from the bankers, the Credit Union Regulatory Improvements Act (H.R. 1537) continues to add co-sponsors, exceeding last year's pace.

In what could become a trend, the Texas House of Representatives has passed a law which would codify in law the industry's card data protection standards and which would give card issuers a way of recovering the costs reissuing cards should breach's occur.

In what could become a trend, the Texas House of Representatives has passed a law which would codify in law the industry's card data protection standards and which would give card issuers a way of recovering the costs reissuing cards should breach's occur.

Members in Ontario and British Columbia are scheduled to vote June 22 on one of Canada's largest credit union mergers.