WASHINGTON –The Consumer Financial Protection Bureau announced it is making changes to policies regarding Civil Investigative Demands (CIDs) to ensure they provide more information about the potentially wrongful conduct under investigation.
MINNEAPOLIS, Minn.—U.S. Bancorp is planning to close hundreds of branches across the country over the next few years, a new report indicates.
DECATUR, Tenn.–NCUA has placed Mid East Tennessee Community Credit Union here into conservatorship.
MADISON, Wis.–The Wisconsin Supreme Court has issued a ruling in a debt collection case that is being hailed by credit unions as a victory for lenders in this state, many of which have been targeted by attorneys claiming they were in violation of state law.
NEW HAVEN, Conn. –While a new “climate of regulatory restraint from federal regulators” was again evident during Q1, according to one measure of new rules, there is also an “alarming new trend” that must be watched.
SHARON, Mass.–Two Massachusetts credit unions are looking to mass together in a merger that would create a $1-billion plus CU. The $584-million Sharon Credit Union and the $438-million Crescent Credit Union in Brockton, Mass., are proposing to merge pending regulatory approval and a vote by members of each organization.
SPOKANE, Wash.–Credit unions in Washington and Utah have announced plans to change their names.
RUTLAND, Vt.— Heritage Family Credit Union has chosen Lumin Digital’s cloud-based platform as the credit union’s digital banking solution for both retail and business banking.
MADAWASKA, Maine–NorState Federal Credit Union has announced it will sponsor this town’s Music in the Park series, which will now be known as NorState’s Music in the Park.
ST. JOSEPH, Mich.–United FCU has purchased a corporate building from Whirlpool here to become its new headquarters.