House Financial Services Chairman Jeb Hensarling (D-Texas) says he will drop the repeal of the so-called Durbin Amendment from his Dodd-Frank overhaul plan rather than jeopardize the entire bill. “I’ve said before that repeal of the Durbin amendment was...

The NCUA board on Thursday agreed to issue proposed rules that would standardize the appeals process that credit unions may use if they disagree with agency actions. The proposed rules would replace provisions that are scattered throughout the regulations governing...

LAS VEGAS – It’s no secret that consumers are constantly shifting their behaviors and gravitating toward financial services providers that make their lives easier, more convenient and more affordable. At CU Direct’s Drive conference Wednesday, CU...

A federal appeals court ruled against the NCUA last week in a bond insurance claim dispute stemming from the $72.5 million fraud case of the St. Paul Croatian Federal Credit Union. The U.S. Court of Appeals for the Sixth Circuit on May 18 affirmed a lower court...

Acting NCUA Chairman J. Mark McWatters is asking the CFPB to use its powers to exempt credit unions from certain agency rules, particularly mortgage reporting requirements. In a Wednesday letter to CFPB Director Richard Cordray, McWatters also asks the agency to issue...

Distributed Denial of Service attacks remain unpredictable and persistent, and vary widely in volume, speed and complexity according to Reston, Va.-based Verisign’s DDoS Trends Report for the first quarter of 2017. While Verisign saw a 23% decrease in DDoS...