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...

Making Remote Work Feel Less Remote

Working remotely is both a blessing and a curse. If you want to spend a week in Hawaii working from a Wi-Fi-equipped hut on the beach, you can. You’ll save a lot of money on gas, lunches out, Starbucks and clothes. Going to the gym or running an errand mid-day...

Foreclosures Continue to Dwindle in 2017

More cities are emerging from the blight of the high foreclosure rates that led into the Great Recession, but some of the gains might be threatened by looser regulation, a national real estate analyst said. ATTOM Data Solutions, a Los Angeles-based real estate data...

Retirees Sue Credit Union Over Lifetime Benefits Dispute

Five people, including two senior executives, are suing a Texas credit union they retired from for discontinuing promised lifetime retirement benefits, accusing their former employer of violating federal laws and fraud. The $347 million Union Square Credit Union in...

Contactless Payments to Hit 150M Users in 2017

The number of Apple Pay, Samsung Pay and Android Pay users is about to hit 100 million and should top 150 million by the end of 2017, according to new data from fintech analysis firm Juniper Research. Apple, Samsung and Google (which operates Android Pay) owned 41% of...

Tax Fraud Season Extends Beyond Tax Day

IBM X-Force researchers saw a 6,000% increase in tax-related spam emails leading up to Tax Day 2017. That’s significant because tax fraud season does not end on April 18. The IBM researchers see this increase and other factors as evidence that cybercriminals are...