President Trump has the power to remove CFPB Director Richard Cordray now and does not have to wait for a federal court to rule on the whether the agency’s structure is constitutional, three conservatives told a House subcommittee Tuesday. “Please do not...
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?
Federal Agencies Improving Cyber Defense: Report
The White House recently issued its annual cybersecurity progress report, finding that while federal agencies strengthened cybersecurity defenses in fiscal year 2016, “a significant amount of work remains to implement these controls.” Grant...
Is Industry Coming Around to Robo-Advisor Concept?
Some financial experts see robo-advisors as a competing force. At the NAPA 401(k) Summit, you might expect some hostility to the concept. After all, the market for algorithm-based, non-human decision-making robo-advisors is expected to grow....
Independent Bankers Target Credit Unions in 2017 Priorities
The Independent Community Bankers of America last week set convincing Congress to reexamine the credit union model, including their tax-exempt status, as one of its priorities for 2017. And the group accused the NCUA of adopting a role as credit union...
Trump Administration Says Makeup of CFPB is Unconstitutional
The Trump Administration is asking a federal court to rule that the president has the power to fire the director of the CFPB, reversing a position that was taken by President Obama. The President’s executive power includes the authority to remove officials in...
Putting an End to 20 Years of DDoS Misery
There aren't many things in this life that endure for more than 20 years, especially when it comes to computers. Hardware, software, services and even websites tend not to have a shelf life that extends into two decades. Yet website owners still find themselves...