Todd Clark, CEO at CO-OP Financial Services, tied a bow around CO-OP’s four day THINK 17 conference in New York City by challenging credit union stakeholders to adopt a digital mindset. THINK 17 he explained is the first step in the digital transformation...
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?
CU Auto Loan Fraud Leads to Legal Dispute
The $361 million Hudson Heritage Federal Credit Union is suing CUMIS Insurance for declining to pay a claim after the Middletown, N.Y.-based credit union was victimized by an auto loan fraud ring. In April, May and June of last year, three men joined the credit union...
Killing Fiduciary Rule Seen as New DOL Chief’s Top Priority
Labor Secretary R. Alexander Acosta (Photo: Diego Radzinschi) Labor Secretary R. Alexander Acosta has made halting the fiduciary rule’s June 9 compliance date as a top priority, with published reports saying he’s looking for a way to freeze the rule that...
Considering Cyberinsurance? Here’s What to Know
Today’s cyber risks come in all shapes and sizes, from disclosure of protected information due to hacking or employee negligence through network shutdown or impairment, regulatory violations, and everything in between. Painfully aware that 100%...
Credit Unions Ask CFPB to Limit Business Loan Rules
As the CFPB contemplates regulations governing small business lending, credit unions are asking the agency to ensure that any rules do not conflict with NCUA requirements and do not require data collection that could be misleading. The CFPB held a field hearing on...
Men Owe More Student Debt, Women Get Less Help Paying for College
The effects of debt—especially college debt—can weigh on graduates for years, particularly if they don’t get any help in paying off the student loans they’ve amassed. Just how tough it can be for those graduates, and who has the...