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...
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?
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...
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...