The NCUA will remain open even as much of the federal government is shut down, agency officials said, as credit unions prepared to help federal employees hurt by the budget impasse. “The NCUA is an independent agency of the federal government, and its operating...
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?
New Credit Union CEOs Take Over in 2018
Credit Unions in California, Oregon, Virginia, Kentucky and New York recently named new CEOs. Gary Rodrigues was promoted to president/CEO of the $9.5 billion Star One Credit Union in Sunnyvale, California’s fourth largest credit union by assets. He succeeded...
Democrats Push Senate Leaders to Keep CFPB Out of Appropriations
A group of 40 Democratic senators is calling on Senate leaders to ensure that any final appropriations measure does not include a provision making the CFPB subject to the annual appropriations process. “Independent funding for the CFPB is critical for the agency...
House Passes Bill to Increase HMDA Reporting Threshold
The House on Thursday passed legislation that would exempt many credit unions from certain reporting requirements under the Home Mortgage Disclosure Act. Voting 243-184, the House passed H.R. 2954, which would increase the threshold that triggers HMDA disclosures to...
Malicious Chrome Extensions Infiltrate FI Enterprises
Seattle-based ICEBRG’s Security Research Team discovered four malicious Google Chrome extensions affecting some 500,000 users. These provide a substantial pool of resources to use for fraudulent purposes and financial theft. While performing a routine...
NCUA Board to Consider Strategic Plan on Jan. 25
The NCUA board will consider its Strategic Plan at its Jan. 25 meeting. The board has been soliciting public comment on the draft plan, which establishes a variety of agency goals and objectives. The board also will consider its 2018 annual performance plan at the...