Credit unions have recently announced awards for employees in addition to promotions and new hires.
Frank Ferdinand, Hanscom FCU
Hanscom Federal Credit Union in Massachusetts named Frank Ferdinand, service desk agent, as its Cushman Award winner for 2019.
Mike Mercer, Georgia Credit Union Affiliates
Mike Mercer, president and CEO of Georgia Credit Union Affiliates, was inducted into the Cooperative Hall of Fame. Those selected for the honor have provided significant contributions to the cooperative industry.
Linh Dang, Addition Financial
Linh Dang, chief development officer for Addition Financial in Lake Mary, Fla., will receive the business leader of the year award in the economic development category from i4 Business. She is being recognized for her contributions to Addition and the community.
Cassandra Mooers, Evergreen CU
Evergreen Credit Union in Portland, Maine, hired Cassandra Mooers as a mortgage loan originator.
Julia Leighton, Evergreen CU
Julia Leighton was hired by Evergreen Credit Union in Portland, Maine, was hired as a membership development associate.
George Rudolph, PSECU
George Rudolph, president and CEO of PSECU, recently was the keynote speaker at the graduation ceremony for Leadership Harrisburg Area's Executive Leadership Series.
Dylan Sawyer, LenderClose
Dylan Sawyer was hired by LenderClose, a credit union service organization that provides loan origination technology, as a sales development representative.
Dustin Halma, LenderClose
LenderClose, a credit union service organization that provides loan origination technology, hired Dustin Halma as a sales development representative.
The bureau released a five-year review of the so-called TRID regulation that found consumers benefited from being able to compare mortgage terms and costs, but the price tag for the industry was roughly $146 per loan.
While the two agencies have disagreed on key areas of reforming the Community Reinvestment Act, the acting comptroller of the currency said there is commonality between their two approaches and he has not given up on developing a joint plan.
The bank has contends that the misconduct was widespread, but a whistleblower letter unearthed by the Consumer Financial Protection Bureau points to Chicago as a hotbed of customer abuse. "We are becoming a 'predatory' financial institution," the 2010 letter said.
Harvest, a fintech founded by Nami Baral, has developed an alternative scoring method that amasses data on spending patterns, debt payments and even earnings potential to get a better sense of consumers' creditworthiness.
Customers suffered when they were placed in mortgage relief plans without their consent, the Massachusetts senator says. She urged the Federal Reserve to take the blunder into account as it weighs when to lift other sanctions against the bank.