Fraud comes in many forms these days, and credit unions should keep their eye on one in particular – auto loan fraud, which is expected to cause $6 billion in losses this year. Learn more in this Focus Report.
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?
Breaches Double at FIs
News of the second Kmart credit card breach in three years at the retailer and the number of breaches at financial institutions doubling this year over the same period in 2016 should raise concerns. Security experts provided strategies to credit unions and businesses...
House Passes CHOICE Act, Senate Action Unlikely
The House on Thursday passed House Financial Services Chairman Jeb Hensarling’s (R-Texas) bill to overhaul the Dodd-Frank Act; the bill now goes to the Senate, where it is expected to die. The House passed the measure 233-186, with no Democrats supporting it and...
Mobile Banking Becoming Default Digital Standard
More than half of active digital banking users plug into mobile regularly and for some financial institutions, the percentage is even better than 70%, according to the Austin, Texas-based Malauzai Software. For its May Monkey Insights report Malauzai, a mobile and...
Senate Taking Slow Route to Dodd-Frank Overhaul
As the House prepared to pass a Republican plan to overhaul Dodd-Frank, Senate Banking Chairman Mike Crapo (R-Id.) said Thursday that his committee won’t produce its bill for at least several months. And the goal, Crapo said, is to produce a bipartisan package...
Did You Know? CU Edition
I have a lot of questions for credit union executives, marketers, tellers and pro- and anti-credit union lobbyists. And for this column I’m taking a break from Dodd-Frank, peer-to-peer payment trends and any credit union employee that has been busted for fraud...

