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The explosive growth of largely unregulated online lenders has given them new opportunities to prey on unsuspecting borrowers.
May 27
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The Consumer Financial Protection Bureau is increasingly brandishing a post-crisis tool allowing it to label activities "abusive," but whether financial services firms are closer to understanding the term is still up for debate.
May 27 -
Redstone Federal Credit Union, a $3.9-billion institution based in Huntsville, Ala., said that longtime board-member Dr. Delia W. Black passed away on May 23.
May 27 -
Identity thieves stole information on 104,000 U.S. taxpayers from the IRS website and used the data to file fake tax returns that yielded as much as $50 million in refunds, agency Commissioner John Koskinen said.
May 27 - PH
IRS Admits Crooks Steal Customer Info; Libor 'Ringmaster' Goes on Trial
May 27 -
NAPERVILLE, Ill. Illinois CU League president and CEO Sean Hession has stepped down from his position little more than one year after taking the helm.
May 27 -
The Federal Reserves ability to provide emergency lending to institutions in the event of a crisis must be eliminated in order to end too big to fail, said Richmond Fed President Jeffrey Lacker
May 27 -
MEMBERS Development Company said seven new credit unions have joined its roster.
May 27 -
Valley National Bancorp in Wayne, N.J., has agreed to buy CNLBancshares in Orlando, Fla.
May 27 -
MutualFirst Financial in Muncie, Ind., is facing pressure from an activist investor to explore a potential sale, even after the bank earlier this year agreed to implement a demand made by the same activist.
May 27





