The battle lines in the House debate over an overhaul of Dodd-Frank were drawn clearly Wednesday, as Republicans touted their legislation to change the financial regulatory regime and Democrats painted the plan as wrongheaded. “Dodd-Frank has been a greater...
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?
4 Ways Fraudsters Exploit Mobile Devices
Customer expectations for frictionless mobile experiences lead to more opportunities for fraudsters, particularly when authenticating devices. And it’s due to variables that change suddenly, such as new phone numbers, SIM cards and carriers. The Atlanta-based...
NAFCU to Hensarling: Exempt CUs From CFPB Oversight
The Dodd-Frank overhaul being pushed by House Financial Services Chairman Jeb Hensarling (R-Texas) should exempt credit unions from CFPB rulemaking, NAFCU President/CEO B. Dan Berger said Tuesday. “While there are credible arguments to be made for the existence...
NCUA Approves Federal Charter for California Credit Union
The NCUA said Tuesday it granted a federal charter and share insurance fund coverage to the $1.1 billion Firefighters First Federal Credit Union in Los Angeles. The new charter, which became effective April 18, will enable Firefighters First FCU to offer consumer...
Americans’ Personal Economic Anxiety Down Since Election
After reporting growing anxiety during the year before the November presidential election, the latest Marketplace-Edison Research Poll showed that the Economic Anxiety Index has decreased, from 36 in October to 32. The poll found that Americans had an overall...
Durbin Amendment Fight: Who’s Ready, Who’s Not?
A fight to repeal the so-called Durbin Amendment could put any effort to overhaul Dodd-Frank at risk, Mallory Duncan, senior vice president and counsel at the National Retail Federation warned Tuesday. “There’s not an appetite to have this fight...