FDUPTA Exemption moves forward

Yesterday, the Florida House of Representatives voted unanimously to pass HB 1347 by Rep. Shev Jones (D-West Park). The legislation exempts credit unions from lawsuits under the Florida Deceptive and Unfair Trades Practices Act in the identical way that banks are currently exempt. The Senate companion legislation, SB 1620 by Sen. Bobby Powell (D-Riviera Beach) passed unanimously in the Commerce & Tourism committee […]

FL moves bill to exempt CUs from lawsuits

Yesterday, the Florida House Insurance & Banking subcommittee voted unanimously to advance HB 1347, legislation that would exempt credit unions from lawsuits under the Florida Deceptive and Unfair Trades Practices Act (FDUTPA).  The bill, sponsored by Rep. Shevrin Jones (D-West Park), now moves to its only other committee of reference, the House Commerce Committee. The […]

Data breach could impact credit union members in Alabama and Florida

LEVERAGE has received alerts this week from both CO-OP and CSCU regarding a data compromise impacting the restaurant chain Arby’s. Some financial institutions are already seeing fraudulent activity, which may be a result of this breach. The breach, which is still under investigation, is believed to have spanned October 25, 2016 to January 19, 2017. There […]

Speed named new CEO of Mutual Savings Credit Union

Mutual Savings Credit Union headquartered in Selma, AL has named Kendall Speed as its new president/CEO. Speed, who has been with Mutual Savings for more than 15 years, previously served as chief financial officer and executive vice president. Former CEO Douglas Key will remain with Mutual Savings as senior vice president of strategic planning after […]