ECCLES, U.K.–A flash mob of zombies bearing the message “Don’t get spooked by rip-off lenders—get local” has made an appearance here.
PARIS, Ill.—The Illinois Division of Financial Institutions has suspended the operations of Route 1 Credit Union here for 60 days. The state regulator appointed Decatur Earthmover Credit Union, Forsyth, Ill., as manager-trustee.
WASHINGTON — Responding to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies Tuesday took action to facilitate the recovery process by temporarily easing appraisal requirements for real estate-related financial transactions in areas declared to be a major disaster.
ALEXANDRIA, Va.—A recent audit report revealed the NCUA plans to implement a new Automated Cybersecurity Examination Tool (ACET) to determine the effectiveness of credit union cybersecurity programs.
DETROIT–For many, credit unions are often described as a religion. Now the University of Michigan Credit Union has purchased a church.
ALEXANDRIA, Va.–Eight members of New York’s congressional delegation have sent a letter to NCUA asking it to take a more flexible approach with credit unions that make taxi medallion loans.
WASHINGTON—Revenues for the $6-billion payday loan industry will shrivel under the CFPB’s new payday lending rule, according to analysts who are predicting that much of the small-dollar loan business will move to small banks and credit unions.
SANTA ROSA, Calif.—One credit union has had its office damaged from the massive California wildfires and another is in harm’s way, according to the California and Nevada Leagues.
ST. PETERSBURG, Fla.–By 2020, it is projected there will be more than 50 billion connected devices employed worldwide – or approximately 6.6 devices per person.
SHREVEPORT, La.—NCUA Monday liquidated $86-million Shreveport FCU. The agency said Red River Employees FCU of Texarkana, Texas, immediately assumed SFCU’s membership and most shares, loans, and other assets.