FARMINGTON HILLS, Mich. (4/11/16)--GreenPath Inc., a CUNA Strategic Services strategic alliance provider, is now operating as GreenPath Financial Wellness, with a commitment to assisting consumers with financial challenges beyond debt.
Credit unions and other financial institutions relying on fraud detection and prevention strategies from The Members Group in 2014 saved roughly $28 million in fraud losses, according to the payments processor.
LendKey, an online lending platform that connects borrowers with credit unions and banks, has secured up to $1 billion in financing from MidCap Financial, a specialty finance firm managed by a subsidiary of Apollo Global Management LLC.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
Credit unions now have less than six months to come into compliance with FinCEN's Customer Due Diligence rule, effective May 11, 2018, which includes provisions on identifying the beneficial owners of legal entity accounts.