Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
NCUA files sealed response in Vensure case
WASHINGTON (5/31/11)--The National Credit Union Administration (NCUA) filed a sealed response last week to Vensure FCU's arguments in the credit union's lawsuit seeking to delay NCUA's placing the credit union into conservatorship. Mesa, Ariz.-based Vensure had filed a sealed document on May 19, and NCUA had until Thursday to respond. The credit union had sought a temporary restraining order to halt the conservatorship. The case was heard May 11 in the U.S. District Court for the District of Columbia, and U.S. District Judge Rosemary Collyer had indicated she was inclined to rule in favor of NCUA and let the conservatorship stand. However, she gave the option for an additional written filing from the credit union before ruling. Vensure FCU was taken into conservatorship on April 15. It is one of 16 financial institutions that allegedly held funds tied to online gambling sites under investigation by the Federal Bureau of Investigation.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago