America’s migration to EMV has crippled some types of card fraud, but the risk of online fraud is on the rise — especially during the holidays — according to new data from the Merchant Risk Council and fraud-technology company Forter. The indexed...
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?
DOL Proposes 60-Day Fiduciary Rule Delay
The Department of Labor on Wednesday released a proposed rule to extend for 60 days the applicability date of its fiduciary rule under the Employee Retirement Income Security Act. The proposal, which includes a 15-day comment period, would extend the rule’s...
Republicans Optimistic About Dodd-Frank Overhaul Despite Political Divisions: GAC
WASHINGTON – Republican members of Congress said Wednesday they are optimistic that legislation to overhaul Dodd-Frank will be enacted, even though President Trump ignored the issue in his speech Tuesday night. “House Republicans are listening and help is...
Billion Dollar California Credit Unions Merge
A rare merger of two billion dollar credit unions in California became effective today. The $1.6 billion California Credit Union in Glendale and the $1.2 billion North Island Financial Credit Union in San Diego announced Tuesday that their consolidation has received...
Fiserv Survey: Millennials Access Mobile Banking More Frequently
Millennials access mobile banking almost three times more than other generations but only 32% feel satisfied with their financial health, compared with 36% of other consumers, according to a Fiserv survey. The Brookfield. Wis.-based financial services company in its...
Nussle at GAC: Capital’s Heated Conflicts Could Hamper Legislative Effort
Jim Nussle, left, sits down with CU Times' David Baumann. The high-pitched partisan conflicts that have dominated Washington and the nation in recent months could spell trouble for the enactment of legislation to overhaul Dodd-Frank, CUNA President/CEO Jim Nussle said...