Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011, Wells Fargo employees have set up credit cards without customers’ consent resulting in fines of […]
Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011, Wells Fargo employees have set up credit cards without customers’ consent resulting in fines of […]
CUNA’s Board of Directors passed a resolution stating CUNA’s commitment to fight against the baseless lawsuit filed against the NCUA and its member business lending rule by the Independent Community Bankers of America (ICBA). In support of that resolution, CUNA is sending a letter to all member credit unions with additional details. “CUNA’s board and […]
Homebuyers are turning to credit unions for their mortgages, which is providential for the industry. Data from the latest CUNA Mutual Group Credit Union Trends Report revealed that credit union first mortgages grew by 1.3 percent during June. The figure represents 8.3 percent year-to-date growth. A boom in adjustable-rate first mortgage balances shows them up […]
Congratulations to the LSCU winners of the 2016 CUNA awards. These awards are given to credit unions that have exhibited the credit union spirit through internal and external programs. The award categories include the Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Award, and the youth and adult categories for the Desjardins […]
In only a few months’ time, awareness of Apple Pay has increased 15 percent among users owning compatible devices. During the same time period, awareness in Android users for Android Pay jumped nearly 20 percent research collected by First Annapolis Consulting recently reported. Users reported an average satisfaction rating of 4.4 for each of the three mobile […]