Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Regulation for Federal Financial Assistance

SUPPLEMENTARY INFORMATION: I. Executive Summary The Office of Management and Budget (OMB) proposes to revise several parts of the OMB Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR), subtitle A, to improve and...

Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration

SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Legal Authority III. The NCUA Licensing Proposal IV. The NCUA Standards Proposal V. General Request for Comment VI. Regulatory Procedures I. Background On July 18, 2025, President Trump signed the GENIUS...

A CUSO Business Model That “Shows Credit Unions The Money” – NACUSO

By Guy MessickAdvisorNACUSO Business Services “Show me the money!” Credit unions are having a Jerry Maguire moment. Credit unions need more money and they need it now. To remain competitive, it is essential that credit unions grow to meet the changing expectations of...

Most Websites Are No Match for a Bot Attack: Study

A new study developed by Distil Networks and the Online Trust Alliance revealed 95% of top websites across different verticals, including financial services, are no match against advanced persistent and damaging bots. The survey found that while an average of 16% of...

Stealing From 12 CUs: Former Pot Pres. Pleads Guilty

The former president of the Oregon Retailers of Cannabis Association pleaded guilty last week to stealing more than $700,000 from a dozen credit unions and a bank. From January 2014 to July 2016, Nicholas J. Saulsberry, 30, created websites that claimed to be...

Get Ready: CNP Fraud to Hit $71 Billion Over Next Five Years

Merchants could lose $71 billion to card-not-present fraud over the next five years, and North America, the Far East and China will soon account for 80% of that fraud, according to new data from Juniper Research.  The U.S. shift to EMV cards and delays in...

CU InfoSecurity 2017: Visa Talks Multiple Biometric Authentication

How Visa looks to help consumers bypass the insecure login and password combination by advancing biometric intelligence was at the center of a presentation CU InfoSecurity 2017 conference in San Diego. With the arrival of mobile phones with fingerprint sensors and...

CFPB’s Cordray Blasts House Report as Misleading, Inaccurate

CFPB Director Richard Cordray says a House committee staff report that accused him of failing to cooperate with the panel’s Wells Fargo probe is inaccurate and misleading. In that report, the Republican staff of the House Financial Services Committee recommends...

CUNA Hopes Economy Finds ‘Goldilocks Solution’

While CUNA officials started the year predicting a 2.5% economic growth rate, they're now hoping they were too optimistic. Bill Hampel, CUNA's chief policy officer, said an economy that is too hot might cause the Fed to raise rates more aggressively, chilling the...