-
NEW YORK – Citigroup Inc. and Bank of America Corp. yesterday reported they had closed some of their card customers’ accounts as the result of data breaches at unidentified retailers.
August 18 -
WARMINSTER, Penn. – The $490-million Freedom Credit Union has added “AccountCreate” to its menu of services, which allows consumers to use its website to sign up for accounts.
August 17 -
LAS VEGAS – Silver State Schools Credit Union has released Q2 financials showing it lost $2.9 million during the second quarter, with a year-to-date net loss of $2.8 million.
August 17 -
WASHINGTON – MasterCard reiterated its support for the two-tiered debit interchange system, its commitment to monitoring merchants, and shared how CUs can report card acceptance issues during a phone conference hosted by CUNA Wednesday.
August 17 -
JACKSONVILLE, Fla. – The number of mortgages 30 days or more delinquent, but not in foreclosure, increased 2.4% in June, but the actual delinquency rate has declined over the past one year by 10.4%.
August 17 -
WASHINGTON – In one of the stranger twists to come out of the financial meltdown, a Maryland man is being investigated for a 2009 mortgage fraud after he allegedly convinced CitiGroup to accept a money order purportedly backed by then Treasury Secretary Henry Paulson.
August 17 -
WEST PALM BEACH, Fla. – Credit Union Journal is assembling a special report marking the 10th anniversary of the Sept. 11, 2011 terrorist attacks and is seeking reader input.
August 17 -
REDWOOD CITY, Calif. – A former employee of Pacific Advantage FCU has entered a plea of no-contest after being charged with stealing more than $428,000 from the credit union.
August 17 -
MADISON, Wis. – CUNA Mutual Group has released mid-year numbers indicating it has continued to add to its capital, despite a fist half of 2011 that included numerous weather-related claims.
August 17 -
WASHINGTON – Although the fund has moved back into the black (CU Journal, Aug. 17), the FDIC is reporting the number of “problem banks” it insures is approaching a 20-year high.
August 17 -
WASHINGTON – Democratic Rep. Gary Ackerman said he will introduce legislation aimed at jumpstarting the housing market by providing two new enticements to homebuyers.
August 17 -
MADISON, Wis. — The National Credit Union Foundation (NCUF) has named Invest in America the winner of the 2012 Herb Wegner Memorial Award for Outstanding Program.
August 17 -
RICHMOND, Va. – IMN said Call Federal Credit Union in Richmond, Va., has deployed its Member Adviser e-newsletter program.
August 16 -
CHARLOTTE, N.C. – Bank of America Corp. may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, said two people with direct knowledge of the talks.
August 16 -
ALEXANDRIA, Va. – Pentagon FCU said it has become the “exclusive, preferred financial services provider for credit cards, vehicle loans and mortgages” for the Navy League of the United States.
August 16 -
ALEXANDRIA, Va. – NCUA has issued a prohibition order against Brian Zimmerman, a former manager and treasurer of LEBCO Educators FCU in Lebanon, Penn.
August 16 -
CHARLESTON, S.C. – CPM Federal Credit Union is consolidating two branches into a single location.
August 16 -
BAY CITY, Mich. – FinancialEdge Community Credit Union has formed a partnership with an organization that serves people with special needs.
August 16 -
WEST PALM BEACH, Fla. – Credit Union Journal is assembling a special report marking the 10th anniversary of the Sept. 11, 2011 terrorist attacks and is seeking reader input.
August 16 -
NEW YORK – The National Federation of Community Development Credit Unions and the National Council on Aging (NCOA) are entering into a national initiative to help seniors achieve economic security.
August 16