Capital Credit Union, TEG FCU and others recently announced new hires and promotions.
Dan Clarke, Service CU
Service Credit Union in Portsmouth, N.H., promoted Dan Clarke to senior vice president of member experience.
Stacy Blohm, Capital CU
Capital Credit Union in Bismarck, N.D., promoted Stacy Blohm to financial services representative at its Hazen and Beulah branches.
Michael Porter, Service CU
Michael Porter was promoted to vice president of operations at Service Credit Union in Portsmouth, N.H.
May Hatem, Service CU
Service Credit Union in Portsmouth, N.H., promoted May Hatem to vice president of human resources and training.
Crystal Richardson, Service CU
Service Credit Union in Portsmouth, N.H., promoted Crystal Richardson to assistant vice president of audit and risk advisory
Spencer Fern, TEG FCU
TEG Federal Credit Union in Poughkeepsie, N.Y., named Spencer Fern as assistant vice president of its commercial lending department.
Geoff Gilton, Service Credit Union
Service Credit Union in Portsmouth, N.J., hired Geoff Gilton as senior vice president of technology
Dave Roughton, SAFE CU
Dave Roughton, president and CEO of SAFE Credit Union in Folsom, Calif., received the 2019 California Advocate of the Year Award from the California and Nevada Credit Union Leagues. Pictured, left to right: Terrance Tremelling, chairman of SAFE, and Roughton.
Ben Hawley, Emergifi
Emergifi, a technology credit union service organization, hired Ben Hawley as lead cloud engineer.
Brian J. Kaley, TEG FCU
Brian J. Kaley was named as supervisory committee chairman of TEG Federal Credit Union in Poughkeepsie, N.Y.
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.
To date, the Small Business Administration hasn’t acted on tens of thousands of applications that lenders have submitted since early August. However, it will begin doing so by early next week, an official says.