House Financial Services Chairman Jeb Hensarling (R-Texas) told CFPB Director Richard Cordray Wednesday that President Trump should fire him immediately for violations of federal law. Even before Cordray (pictured) began testifying at a sometimes-heated committee...
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?
UPDATE: DOL Releases Its Delay of Fiduciary Rule
The Justice Department told a federal court on Tuesday that the Office of Management and Budget has concluded its review of the Labor Department's final rule delaying the implementation date of its fiduciary rule by 60 days — from April 10 to June 9....
CSCU 2017 Annual Conference: Debit Card Update & Growth
There has never been more payment options for credit unions and their members. That is what makes the CSCU 2017 Annual Conference in Orlando so relevant to attendees and their members. Greg Borchardt, senior director at Visa, and Jeanette...
DOJ Says DOL Fiduciary Rule Delay Coming Wednesday
A Department of Justice filing on April 3 indicates that the Department of Labor will officially institute a delay of its fiduciary rule Wednesday morning. DOJ told the U.S. Court of Appeals for the Fifth Circuit that the Office of Management and Budget...
Social Media a ‘Yes’ for Financial Executives: BankSocial
“Five years ago, social media was a ‘no’ from financial executives,” said Amy McLlwain, Global Industry Principal for the Financial Social Media division of Hootsuite, a social media scheduling platform. “Fortunately, that has changed to...
Responding to a Ransomware Attack: What You Need to Know
Between 2005 and 2016, ransomware infections were more common than data breaches, making them the most pervasive cyberthreat of the last 11 years. Ransomware attacks may encrypt folders and files or even the entire hard drive, or they may just lock the devices so that...