Washington--The NCUA should boost its Share Insurance Fund by folding the temporary corporate stabilization fund into it, NCUA Acting Chairman J. Mark McWatters said Tuesday. “It is important that the agency maintain a strong Share Insurance Fund for the mutual...
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?
Herb Wegner Memorial Award Winners Honored: GAC
WASHINGTON – This year’s recipients of the prestigious National Credit Union Foundation’s Herb Wegner Memorial Award were a former undocumented immigrant who became a credit union CEO, a retired president/CEO of the nation’s largest CUSO, who...
Economists Project Strong Credit Union Loan Growth: GAC
From left to right: Bill Hampel, chief economist and chief policy officer for CUNA, Steve Rick, chief economist for CUNA Mutual Group, Mike Schenk, vice president, economics and statistics at CUNA and Perc Pineda, CUNA's senior economist. WASHINGTON – Despite...
A Call for Strong Authentication to Boost Digital Security
The U.S. digital economy, including financial institutions, needs stronger authentication and security to succeed. That message comes directly from a detailed plan delivered by the National Institute of Standards and Technology. “Our reliance on passwords...
Credit Unions Sue Arby’s After Alleged Data Breach
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...
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...