Facing mounting criticsm and GOP opposition, Andrew Puzder, President Donald Trump's nominee to head the Labor Department, has withdrawn from consideration, according to numerous published reports. A source told CBS News Wednesday, a day before Puzder's...
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?
Data Breaches in 2017: No Relief in Sight
The Ponemon 2016 Cost of Breach Study underscores the need for companies to take all necessary measures to combat the scourge of data breaches. These include the establishment of a chief information security officer, appropriate data loss prevention...
Low-Income Credit Unions Should Apply for CDFI Certification
Credit unions exist to offer affordable services that help people build financial security and to make investments that encourage economic growth in their communities. Two-thirds of federally-chartered credit unions also carry the “low-income” designation,...
Cruz: Abolish the CFPB
While many Republicans are struggling with their proposals to decrease the CFPB’s powers, two lawmakers have a simple solution—abolish the agency. This week, Sen. Ted Cruz (R-Texas) and Rep. John Ratcliffe (R-Texas) introduced a one sentence bill that...
Mortgage Delinquencies Rise After Historic Low
Homeowners fell at least 60 days behind in their payments at a higher rate in the fourth quarter from a historic low, while those in foreclosure continued to dwindle, the Mortgage Bankers Association reported Wednesday. The seasonally adjusted delinquency rate stood...
Millennials Ruining Parents’ Retirement
If the parents of millennials ever want to retire, they’re going to have to shut off the money spigot for the kids. That’s according to a Money report, which said that the financial support millennials have been getting from their parents can...