Goldman Sachs settles mortgage backed lawsuit

Goldman Sachs Group announced Thursday afternoon that it has reached an agreement in principle to resolve the ongoing investigation of the Residential Mortgage-Backed Securities Working Group of the U.S. Financial Fraud Enforcement Task Force (RMBS Working Group). Goldman Sachs will pay more than $5 billion to resolve a number of claims including from the NCUA […]

Tax reform bill introduced; credit unions not mentioned

As the LSCU first reported, tax reform legislation sponsored by Rep. Devin Nunes (R-CA) was introduced on Wednesday. The legislation does not touch the credit union tax exemption which is good news. H.R. 4377 is the American Business Competitiveness Act. It is a plan that Rep. Nunes has been working on since 2012, and he […]

LEVERAGE/CRIF Select Lunch and Learn Series: Indirect Lending Basics

LEVERAGE and partner CRIF Select invite Birmingham- and the surrounding-area credit union staff to attend a free educational event on Feb. 10, 12 p.m. – 1 p.m. CT, at the LSCU & Affiliates office in Birmingham. CRIF Select Regional Sales Manager Hank Briley and CRIF Select President Jeremy Engbrecht will discuss how to maximize indirect […]

CUNA finds regulatory burden exceeds $7.2 billion

The regulatory burden on credit unions is crushing. What has been difficult is trying to put a dollar figure on just how much regulation is affecting the credit union industry. CUNA recently commissioned an independent third party study on the regulatory burden and found that in 2014 it took a $7.2 billion toll on credit […]