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 Receives $445M From UBS in Settlement
The NCUA has received $445 million from UBS to settle claims in connection with the sale of faulty residential mortgage-backed securities to two corporate credit unions, according to the agency.
Credit Unions Face ‘Love It or Lease It’ Decisions on ATMs
Find out why some credit unions are choosing to give up the titles to their ATMs.
New York Credit Unions Appeal Taxi Medallion Ruling
New York credit unions that collectively manage more than $2 billion in taxi medallion loans are appealing a court ruling, which rejected their argument that regulatory treatment of medallion taxicabs violated the equal protection clause under the U.S. Constitution....
House Committee Approves CHOICE Act, Durbin Amendment Repeal Intact
The House Financial Services Committee on Thursday approved Chairman Jeb Hensarling’s (R-Texas) Financial CHOICE Act to overhaul Dodd-Frank, after defeating Democratic amendments to the bill. The committee approved the bill along party lines, 34-26. It now...
Many Consumers Avoid Banking Apps Without Biometrics: Study
Eight in 10 bank customers want biometric authentication beyond the fingerprint in their mobile banking and payment apps, and 42% said they refuse to use mobile banking or payment apps that don’t have biometric authentication, according to a new survey....