A New York state regulation, which takes effect March 1, requires financial institutions to provide minimum cybersecurity standards and report breaches to regulators in an effort to limit consumer losses. New York’s Department of Financial Services regulates...
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?
Who Americans Trust, Don’t Trust with Credit Card Data
Americans may have more tolerance for card fraud than citizens of some other countries, and about a third feel credit unions and community banks are best at protecting card and account information, according to a new study by e-payments firm ACI Worldwide and research...
NCUA Board Keeps 18% Interest Rate on Most Loans
The NCUA board on Thursday approved a staff recommendation to maintain the 18% interest rate ceiling for most loans made by federal credit unions. Voting unanimously, the two-member board agreed that lowering the ceiling would place credit unions at a competitive...
Taxpayers Need an ID Theft Wake-Up Call
Americans remain apathetic about identity theft protection, according to the second annual Tax Season Risk Report, from Scottsdale, Ariz.-based CyberScout, which suggested taxpayers must still take ownership to protect their filings. While the Internal Revenue Service...
Middle America Is Everywhere
The political winds are blowing, not from west to east or even east to west. Actually, I’d say they are blowing from the middle of America outward. My roots are in Arkansas – I was born and mostly raised there through the 70s and 80s. My grandfather ran...
Economic Impact of Western CUs Rivals Corporate Giants, Study Says
California and Nevada credit unions have a combined economic impact equal to that of Kraft Heinz, General Mills and Xerox, according to new research by the California and Nevada Credit Union Leagues and economic consulting firm ECONorthwest. The research,...