House Financial Services Chairman Jeb Hensarling (R-Texas) Tuesday called on President Trump to fire CFPB Director Richard Cordray as soon as possible. “Personnel is policy,” Hensarling said in an interview on Fox Business. He said he believes Trump has...
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?
CMFG Ventures Invests in Anti-Fraud Startup
CUNA Mutual Group said Wednesday it has invested in a Chicago-based financial anti-fraud technology startup, participating in Rippleshot, Inc.’s $2.6 million Seed 2 round. KDWC Ventures was the lead investor in the funding for Rippleshot, which provides...
SECU Reaffiliates with Carolinas League
After disaffiliating from the Carolinas Credit Union League nearly three years ago, the board of directors of the $30 billion State Employees’ Credit Union in Raleigh, N.C., said Tuesday it voted to rejoin the Carolinas league. This follows SECU’s decision...
Woman Attempts to Purchase $1.2M Home With Forged CU Check
A 49-year-old woman attempted to purchase a $1.2 million home with a forged Pennsylvania credit union cashier’s check. Carroll Township Police charged Katherine D. Kempson of Dillsburg, Pa., last month with four counts forgery and one count of writing a bad...
Use of Ransomware Is Exploding, Study Finds
Cybercriminals are quickly trading malware for ransomware and may soon make a big push into hacking wearables and other Internet of Things devices, according to an annual threat report from Santa Clara, Calif.-based network security company SonicWall. Using data from...
Credit Union Trades Push for Friendly Provisions in Hensarling Bill
As House Financial Services Chairman Jeb Hensarling (R-Texas) prepares to introduce the latest version of his bill to overhaul the Dodd-Frank Act, credit union trade groups are pushing the chairman to retain or add provisions that benefit their institutions. “We...