Credit Union Counsel
@dows_h
Angela H. Dows, Esq. Credit Union Representation and Advisement T: 1.702.794.4411; E: [email protected] Retweets/Likes/Comments not endorsements or legal advice
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Just in: US inflation unexpectedly increased to 3% in January, bolstering the case for the Federal Reserve to proceed slowly with interest rate cuts and hitting stocks and government bonds on.ft.com/4jSn8h7
Credit card debt that moved into serious delinquency, which is 90 days past due, was 6.4% in the fourth quarter of 2023, a 59% jump from just over 4% at the end of 2022, per the New York Fed.
Justice has finally caught up to a former executive who approved more than $2 million in fake loans, leading to the liquidation of a Texas credit union. After it was shuttered, the ex-executive had the audacity to sue for unpaid OT. cutimes.com/2024/01/23/for…
The CFPB issued an advisory opinion on background screening to "highlight that consumer reporting companies, covered by the Fair Credit Reporting Act, must maintain reasonable procedures to avoid producing reports with false or misleading information." consumerfinance.gov
.@NavyFederal joins The Clearing House's real-time payments network amid ongoing military contract woes, major banks across the U.S. announce staff cuts, regulators shutter Signature Bank and more in the annual roundup of top stories. bit.ly/3RBG6we
JUST IN: Adobe says "Buy Now Pay Later" spending hit an all time high of $940 million on Cyber Monday. This is up a massive 42.5% compared to last year. Black Friday "Buy Now Pay Later" spending jumped 20% compared to last year. On one hand, consumers are spending more On the…
#CreditUnions are now protected by a nationwide injunction preventing implementation of the @CFPB’s Section 1071 rule, thanks to quick legal action by CUNA, @CornerstoneCUL, and Rally Credit Union of Corpus Christi, Texas. Learn more: bit.ly/409rpDq
A View From a Teller Window: Three personal finance lessons millions never learn inc.com/kelly-main/i-s… #creditunions #creditunion #finance #finances #personalfinance #money #banking #wealth #consumers
Convicted CEO of a New York credit union begins 46-month federal prison sentence more than 2 years after a jury found him guilty of taking gratuities, which violated federal bribery laws. cutimes.com/2023/10/02/con…
Mother & Daughter Who Worked at CU Sentenced for Bank Fraud Conspiracy ow.ly/xXOB104V7gv
cutimes.com
Mother & Daughter Who Worked at CU Sentenced for Bank Fraud Conspiracy
Former CEO Mindy Plasters and her daughter Brittany Aikey were ordered to pay more than $338,000 in restitution.
The Equal Credit Opportunity Act? What's that? Passed in 1974, it granted women financial agency they’d never had—a major win in the movement toward women’s equality. This Women's Equality Day, we're reflecting on where we've been and where we're going. #ManyStoriesOneMission
🇺🇸 Banks are tapping the brakes on big home loans known as jumbo mortgages, which they have typically viewed as a low-risk way to attract wealthy customers. Jumbos usually carry lower rates than regular-size mortgages, but that has reversed in recent months. The going rate on…
Woman's fraudulent transactions numbered in the thousands, victimizing 30 credit unions across eight states. cutimes.com/2023/08/09/min…
cutimes.com
Minn. Woman Sentenced for Stealing From 30 Credit Unions in 8 States
Maegen Fortin's fraud scheme causes more than $460,000 in losses as she attempts to steal at least $651,683.
A New Billion-Dollar Credit Union Is in The Making ow.ly/8jkp104Pi9N
cutimes.com
A New Billion-Dollar Credit Union Is in The Making
St. Lawrence FCU members will vote on whether to approve its merger with SeaComm CU on Aug. 28.
Proposed Merger Would Create Minnesota's Fourth Largest Credit Union ow.ly/Un01104Paor
cutimes.com
Proposed Merger Would Create Minnesota's Fourth Largest Credit Union
Hiway CU members are set to vote on consolidating with SPIRE CU in September.
Wire transfer schemes allegedly enabled woman to siphon more than $250,000 from a California credit union while she was its CEO. cutt.ly/sweYuToU #CreditUnions #California #CrimeNews #CEO
cutimes.com
Woman Allegedly Stole More Than $250,000 While Serving as Credit Union CEO
Tina Louise Torres faces 17 felony counts of grand theft and eight felony counts of forgery, police say.
Credit card debt vs. savings in the U.S
Today we charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency and for failing to register the offer and sale of its crypto asset staking-as-a-service program. sec.gov/news/press-rel…
After stealing from member accounts, an ex-manager of a California credit union used the funds to promote herself on TikTok & send money to a boyfriend with hundreds of thousands of followers. cutt.ly/OwwLbj81 #CrimeNews #California #TikTok #CreditUnion
Today was a great day in Carson City as Gov Lombardo signed AB 274 into law, adding financial education classes to NV high school curriculums. It's good to see students getting the tools they need to thrive as adults. Thanks to the @CANVleagues for advocating for AB 274 too!
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