Four credit unions and the Michigan Credit Union League have filed class-action suits against fast food giant Arby’s Restaurant Group, which recently acknowledged a potential data security incident. The complaints allege that malware on the Arby’s...
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?
CFPB Gives Hints About UDAAP Enforcement: GAC
WASHINGTON – While it’s difficult to predict where the CFPB might strike next in taking action based on unfair, deceptive or abusive acts or practices (UDAAP), credit unions can get clues by carefully reading agency consent orders, attorney David Reed said...
Donovan Predicts CFPB Debate Will “Move to the Middle:” GAC
WASHINGTON--Changes to the CFPB’s structure and duties are likely to need a super-majority in the Senate, so credit unions must accept that the debate will “move to the middle,” Ryan Donovan, CUNA’s chief advocacy officer said Monday. Credit...
Politics & Payments: GAC
http://www.cutimes.com/2017/02/23/will-new-york-reshape-the-financial-regulatory-lan WASHINGTON – Payments are now political. During the “Assessing the Payments Landscape” breakout session at CUNA’s Governmental Affairs Conference, a panel of...
Looking to a Bright Future of Marijuana Business Banking: GAC
Attendees chat at the GAC's first-ever informational marijuana business banking meeting for CU leaders. WASHINGTON – At previous Governmental Affairs Conferences, banking legal marijuana businesses was still too taboo of a topic for credit unions to discuss in a...
Go on Offense to Fight Regulation, Nussle Says: GAC
WASHINGTON – Credit unions must go on offense if they want to be successful in convincing Congress that they are over-regulated, CUNA President/CEO Jim Nussle said as the organization’s Governmental Affairs Conference began Monday. During a pep talk to...