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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Alleged CU Discrimination Incident Sparks Social Media Outrage

Screenshot taken from video recorded on Facebook. An alleged discrimination incident caught on video at a Washington credit union last week against a Muslim black woman ignited a social media firestorm from thousands of people demanding that the employee involved be...

Schumer Recommends Rohit Chopra for Seat on FTC

Senate Democratic Leaders Charles Schumer (D-N.Y.) has recommended former CFPB Assistant Director Rohit Chopra for a seat on the Federal Trade Commission. Chopra currently is a senior fellow at the Consumer Federation of America, where he leads research and advocacy...

Credit Union Sues Chipotle After Alleged Breach

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...

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, 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...

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...