Sooper Wins Q2 Marketing AwardDALLAS-CU Members Mortgage gave a 2011 Q2 Marketing Achievement Award to the $242-million Sooper CU, Arvada, Colo., for its use of new marketing tools to increase loans with its Gen Y membership.For info: www.cumembers.comRGCU Joins Branching NetworkLAKEWOOD, Colo.-CU Service Network said Rio Grande CU, Albuquerque, N.M., has joined its shared branching network.For info: www.cusn.comAlaska Option Expands Debit ProgramANCHORAGE, Alaska-Alaska Option Services Corporation, an ATM/POS debit network, said it is expanding its product offerings to include pass-through credit and debit signature processing services.For info: www.alaskaoption.comEmpower FCU Selects VSoft ATLANTA-VSoft Corp. reported that Syracuse, N.Y.-based Empower FCU has chosen its suite of item capture solutions, including merchant remote deposit capture and branch back-counter capture.For info: www.vsoftcorp.comConference Focuses On CommunityGRAND RAPIDS, Mich.-Being part of the community was the focus of CU*Answers' recent Leadership Conference. Randy Karnes, the CUSO's CEO, challenged CUs to consider what represents a community and who CUs should be talking about within today's communities. Attendees donated money to five community-related charities.For info: www.cuanswers.comNSC Names 2011 Innovation AwardsSAN FRANCISCO-NAFCU Services Corp: announced the winners of its 2011 Innovation Awards: Affinion Group for its Flex Checking, a program that addresses the question of free versus fee checking; Allied Solutions for its CenterPoint Client Portal, a one-stop shop of integrated applications and partnerships for end-to-end collateral management, and Insuritas for its online, private-label insurance agency portal that enables direct purchase of insurance products on its website.For info: www.nafcu.org/nafcuservicesConn. CUL In Marketing Agreement LIVONIA, Mich.-The CU League of Connecticut and CU Solutions Group (CUSG) have announced a new marketing agreement to offer solutions in the areas of marketing, technology, membership enhancements, and human resources to Connecticut CUs.For info: www.cusolutionsgroup.com or www.culct.coopVantiv Signs Two CUsCINCINNATI-Vantiv said two CUs have signed contracts ATM and debit card transaction processing, ATM driving, card production, and network gateway access: $130-million General Electric Employees FCU, Milford, Conn., and $33-million Wemelco CU Springfield, Mass.For info: www.vantiv.com
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Federal Reserve Chair Jerome Powell said there have been "no decisions" on the controversial capital reform plan, but banks and others who have criticized the proposal are eager for an indication about what's next.
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OakNorth Bank in London is eager to utilize the data it's collected from providing risk management software to American banks over the past five years. Its growth plans include eventually acquiring a charter here and making commercial real estate loans.
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An independent examination of the Federal Deposit Insurance Corp. workplace culture revealed an atmosphere of sexual harassment, discrimination and misconduct at the agency and raised the need for significant reforms.
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Cybersecurity leaders for Visa, Deluxe and Fiserv said powerful cloud players have been unresponsive to their requests to monitor the vendors' security postures.
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The full House is scheduled to vote Wednesday on a Congressional Review Act resolution that would overturn a staff accounting bulletin from the Securities and Exchange Commission. Banks argue that the guidance would effectively cut them out of the crypto custody business.
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Thousands of consumers had to wait more than 90 days for funds after their accounts were suddenly closed, according to the Consumer Financial Protection Bureau.
May 7