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...

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...

Alexa Becomes Enrichment FCU Members’ New Banking Buddy

Enrichment Federal Credit Union has become the first credit union to roll out a new technology that allows members to manage accounts via voice-controlled smart speakers. Members of the Oak Ridge, Tennessee-based credit union will be able to move money between...