By Christian Mullins
Executive Summary:
In what should be categorized as a win for the banking industry, the Credit Union Regulatory Relief Act (CURRA), a watered down version of CURIA, was pulled from the House calendar and will not see a vote. Some congressional aides weren’t sure there were enough votes to pass the bill, but several lobbyists said the decision was reached because lawmakers didn’t want to go on record in selecting banks or credit unions.
That pesky text message scam has infiltrated another credit union. Mazuma CU of Kansas City, Missouri is the latest financial plagued by the messages, which are sent to individuals via their cell phones. At this time, it is unknown how many individuals responded to the message. Previously attacked were Arizona Central CU and Oregon Community CU.
Robbed:
- Nothing to report today.
Arrested, Arraigned, Charged, or Sentenced:
- Susan Blake of Huntington, West Virginia, was sentenced to three months in prison for the embezzlement of over $80,000 from a former employer. She admitted to stealing the money from 1998 to 2006 from seven member accounts while employed as a teller at Huntington Veterans Affairs FCU, now Star FCU.
