Bellwether Community Credit Union has filed a class-action lawsuit against Chipotle and is seeking damages related to the fast-casual restaurant company’s recent data security breach, according to documents filed in a Colorado District Court on May 4. The suit...
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?
NCUA Should Abandon Alternative Capital Plan: Bankers
Banking groups are blasting the NCUA for considering expanding options for credit unions to build capital beyond retained earnings, charging that such an expansion would violate federal law. The American Bankers Association and the Independent Community Bankers...
Google Docs Phished Under OAuth, Opens Door to Copycat Attacks
Experts reacted to a Google Docs phishing attack that hijacked Gmail accounts and spammed contact lists. Google shut down the attack but not before it affected an estimated one million users. Google said in a statement it has disabled the aberrant accounts, which...
Google Docs Phished Under OAuth, Door Opened to Copycat Attacks
Experts reacted to a Google Docs phishing attack that hijacked Gmail accounts and spammed contact lists. Google shut down the attack but not before it affected an estimated one million users. Google said in a statement it has disabled the aberrant accounts, which...
Credit Unions Carve Out Bigger Slice of Consumer Loans
Borrowers turned to credit unions for cars, motorcycles, boats, college and credit cards in March to an extent not seen in 16 years. Credit unions held $393.7 million in consumer loans in March, up 14.1% from a year earlier, the Federal Reserve reported in...
Lawmakers Push Bill Allowing Student Debt to Be Discharged in Bankruptcy
Rep. John Delaney, D-Md., introduced bipartisan legislation Friday to allow student debt to be discharged in bankruptcy. The Discharge Student Loans in Bankruptcy Act (H.R. 2366) reforms federal bankruptcy rules to establish parity between student loan debt and...