Many financial services organizations fail to enforce strong cryptographic protection policies in their DevOps environments, sometimes at the expense of security, data privacy and compliance in areas such as mobile banking. That is a finding by Salt Lake City,...
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?
New Evidence of Fiduciary Rule’s Harm, Chamber Report Says
The U.S. Chamber of Commerce charges in a just-released report that new data coming out of a recent Department of Labor comment period on its fiduciary rule proves the rule is hurting small retirement savers. The report, “The Data is In: The Fiduciary Rule Will...
Becoming More Appealing to Our Fintech Friends
I last opined on the difficult marriage between credit unions and fintechs and concluded that it often leads to divorce because of very different motivators — hyper growth for-profit venture companies versus a conservative not-for-profit industry. Today I want...
U.S. Women Carry Higher Student Debt Than Men: Study
Some say designating a problem a “women’s issue” trivializes it — as if it’s only of interest to half the population of the U.S., and not to their male counterparts. In the case of student loans, other problems faced by women...
ABA Files for Summary Judgment in Legal Battle Over FOM Rules
Saying that the NCUA’s new Field of Membership rules are “arbitrary, capricious, an abuse of discretion” the American Bankers Association has asked a federal judge to nullify the regulations. In asking U.S. District Judge Ketanji Brown Jackson to...
In Memoriam: Paul Simkins, Credit Union Pioneer
When Paul Simkins left his bank job to become a credit union branch manager, he admitted that “service to others” was not on his mind. After learning and experiencing the difference between credit union and banks, however, Simkins became known as one of...