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 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?
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...
NCUA Approves Record Low Number of Mergers in March
The NCUA approved only eight mergers in March. That’s the lowest number of consolidations approved in the month of March over the last 10 years, according to a review of the NCUA’s Insurance Reports of Activity for the month of March since 2008. In March...
5 Cheap (or Free) Ways to Improve Retirement Wellness
Some of the realities of the House’s passage of the American Health Care Act include a major cut to Medicaid ($880 billion), which is how many seniors pay for nursing home care -- and allowing insurers to charge older people five times more for...
Puerto Rico Cooperativa, CU System Healthy Despite Island Bankruptcy
Puerto Rico’s bankruptcy filing last week should not have an impact on the island’s cooperativa system, according to the Association of Cooperative Chief Executive Officers of Puerto Rico. “The cooperative sector has been preparing for this for some...

