The Bias Within Lending: Navy Federal and An Outdated System
Navy Federal Credit Union is currently facing a lawsuit for discriminatory lending practices. But is Navy Federal a lone offender? Or is this issue industry-wide? CUSO Magazine’s Emily Claus sat down with Tim Ray, CEO of VeriFast to delve deeper into the issue and discuss industry reform.
Marijuana Businesses Sue to Gain Access to Financial Services
Due to a lack of federal regulation, many financial institutions cannot serve marijuana businesses without risk of repercussions. This inaccessibility leaves marijuana businesses open to safety and financing issues, the Massachusetts marijuana businesses argued when they filed their lawsuit last week, reports David Baumann.
Court Grants Credit Union Motion to Intervene in 1071 Lawsuit
The U.S. District Court for the Southern District of Texas granted the motion to intervene filed by the Credit Union National Association (CUNA), the Cornerstone League, and Rally Credit Union Monday.
Five Legal Trends To Be Aware Of
Internal Auditor Patrick Sickels details a few recent trends in litigation that credit unions should be on the lookout for, and how they can ensure they won’t be targeted.
