Sixty-nine percent of consumers feel businesses don’t take customer data security very seriously and 70% of them said they would stop doing business with a company following a data breach. Amsterdam-based digital-security firm Gemalto also revealed in report...
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?
Judge Rules Mick Mulvaney May Run CFPB
Mick Mulvaney may serve as the acting director of the CFPB, a federal judge ruled Tuesday evening. Mulvaney, the director of the Office of Management and Budget, was President Trump’s choice to run the agency following the resignation of Director Richard...
Red River FCU Sued for Trademark Infringment
Louisiana-based Red River Bank is suing Texas-based Red River Employees Federal Credit Union for trademark infringement and unfair competition, according to a complaint filed in Louisiana District Court. The dispute revolves around the credit union’s...
Uber Breach Disclosure Fails to Arrive in a Timely Manner
Veiled among all the holiday and political news Uber disclosed hackers accessed the personal information of 57 million riders and drivers in 2016, a breach it didn't announce until last week. Uber paid hackers a $100,000 ransom to destroy the data at the time of the...
CUNA Assumes Mulvaney is Boss at CFPB; Sends Him Wish List
CUNA officials are assuming that Office of Management and Budget Director Mick Mulvaney is acting director of the CFPB and wasted wasting no time in sending him a laundry list of complaints about how the agency has operated. As a Republican House member from South...
Trump, Cordray Each Designate an Acting CFPB Director
Setting up a high-stakes legal and political battle, President Trump and CFPB Director Richard Cordray each designated an acting director for the agency following Cordray’s departure Friday. In a parting shot at the Trump Administration, Cordray announced he was...