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...

The estimated 10-year cost of the credit union tax exemption jumped a whopping 32.3% over a year ago, according to the Trump Administration budget released Tuesday. The administration’s budget offered no explanation for the jump from $26.75 billion in Fiscal...

LAS VEGAS – Credit unions must implement strategies now that will adapt to consumers’ changing needs, Sundeep Kapur stressed at CU Direct’s Drive conference in Las Vegas Tuesday. A big part of that is redesigning branches in a manner that will...

Credit, debit and prepaid card transactions for six major card networks shot up a combined 13.3% from 2015 to 2016, and purchase volume rose 5.8% to $20.606 trillion, according to new global data from card and payment industry publisher The Nilson Report. Nilson found...