All credit unions have to battle fraud these days, but in Spokane, Wash., a few credit unions are taking the fight to a new level — some of their employees are becoming commissioned fraud investigators with the local police department. The move — done in...
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?
Voters Favor Increased Regulation of Financial Institutions: Poll
An increasing number of Americans favor increased regulation of financial institutions despite efforts by credit unions and others who contend they are over-regulated, according to a new poll. In the poll, conducted Feb. 2-6 by Quinnipiac University in Connecticut,...
D.C. Memo Reveals Plans for Regulation Rollback Gutting CFPB’s Power
The NCUA board would remain at three members and the CFPB’s powers would be even more severely curtailed, under changes to a broad Dodd-Frank overhaul bill being contemplated by House Financial Services Chairman Jeb Hensarling (R-Texas). The three-member board...
Cloud Storage Site Phishing Increasing, But FIs Still the Top Target
Cloud storage sites will likely overtake financial institutions as the top phishing attacks targets, marking a major evolution in phisher targeting according to PhishLabs’ “2017 Phishing Trends & Intelligence Report.” The Charleston, S.C....
Trump Does Not Expect NCUA, CFPB to Comply with Two-for-One Order
The Trump Administration has made it clear that independent agencies, such as the NCUA and CFPB, do not have to comply with the executive order requiring agencies to revoke two regulations for every one rule that is adopted. “Nevertheless, we encourage...
Homeowners Staying Put Longer: Study
The continuing recovery in the housing market has been relieving increasing numbers of homeowners from owing more on their mortgage than their home is worth. Yet the persistent remainder has left a mark by keeping potential buyers out of the market and choking supply...

