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?

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Proposed Third-Party Risk Management Guidance

AGENCY: The Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). ACTION: Proposed interagency...

Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Cybercriminals Impersonating IC3, Docs, Outlook & DocuSign

Cybercriminals want personal identifiable information so bad they mimic seemingly legitimate enterprises such the Internet Crime Complaint Center, Microsoft Outlook, DocuSign and Google Docs to tempt victims into giving away IDs. The IC3 released an alert on...

The State of Phishing & W-2s

Seventy-six percent of organizations experienced phishing attacks in 2017 and nearly half of information security professionals said the attack rate increased from 2016. Meanwhile W-2 tax-scams are now in season. Pittsburgh-based Wombat Security Technologies released...

Louisiana League Names New CEO

Robert Gallman, the new president/CEO of the Louisiana Credit Union League The board of directors of the Louisiana Credit Union League said Wednesday that Robert Gallman will become the new president/CEO of the statewide trade organization on March 1. He succeeds the...

‘Bankers as Buyers’: FIs in Better Shape Than in Many Years

U.S. financial institutions entered 2018 in better financial shape than in many years. This upturn provides great opportunity for growth and future innovation for banks and credit unions across the country. That is one of the viewpoints presented by William Mills...

U.S. Consumer Sentiment Tops Estimates on Jobs & Income

U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Friday. Highlights of Michigan Sentiment (January, final) Sentiment index inched down to 95.7 (est. 95) from...

Dems Demand Answers From Mulvaney on New Payday Lending Policy

Congress Democrats are charging that CFPB Acting Mick Mulvaney is reversing years of diligent policymaking to control payday lenders—and they allege that action could be tied to campaign contributions he received as a Republican House member. In a letter to...