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Navy Fed Fined $95M for Illegal Overdraft Fees
The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty.
Auto Loans Slip From Credit Union Portfolios
NCUA and Fed data also show credit unions’ share of auto loans in September has fallen from a year earlier.
NCUA Approves 49 Mergers During the Third Quarter
The list includes six credit unions merging due to poor financial condition and two for poor management.
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