Opening a checking account using only a smartphone or tablet is still a pipe dream for most users, according to new research from Javelin Strategy & Research. According to a study of nearly 1,400 people who successfully applied for checking accounts at the...
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?
NAFCU Calls on Financial Stability Council to Void CFPB Rules
NAFCU is asking the Financial Stability Oversight Council (FSOC) to step in and void new regulations issued by the CFPB. In a letter to Treasury Secretary Steven Mnuchin NAFCU President/CEO B. Dan Berger requested that FSOC use its authority under Dodd-Frank to stay...
Former CEO Faces Felony Charge
A former president/CEO of a merged Nebraska credit union will face a federal judge March 14 on six felony bank fraud charges. According to an indictment filed by federal prosecutors last week, Christine Darley, 44, allegedly embezzled more than $535,000 from the $3...
CFPB Unknown & Fighting for Its Life
If ignorance is bliss, lots of Americans are humming a happy tune. Specifically, 81% of Americans polled by CreditCards.com did not know enough about the Consumer Financial Protection Bureau to have an opinion about it, even though the five-year-old...
Student Debt Hurts Employees’ Financial Responsibility
A new survey of young people in the workforce show having student debt negatively affects an employee's ability to be financially responsible, even once they are employed. Regina Corso Consulting conducted the survey online in January 2017, and gleaned...
CO-OP Inks ATM Deal with 7-Eleven
About 8,000 ATMs in 7-Eleven stores across the country will stay in the CO-OP Financial Services ATM network thanks to a new agreement between CO-OP and ATM network and service provider Financial Consulting & Trading International, or FCTI. The agreement...