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...
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?
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...
Email a Pervasive Threat With 20% Fraudulent
One in five emails were from unauthorized senders — meaning those emails were almost certainly fraudulent, according to research from San Francisco-based Email Authentication as a Service provider ValiMail. The research also indicated large financial services...
5 Things to Know About the NAIC’s New Cybersecurity Model Law
In a year punctuated by high-profile, costly information-security breaches, at least one headline served as a reminder that people — not machines, software, programming or algorithms — are often the weakest link when it comes to...
Confident Investors, Millennials Welcome Financial Wellness Programs
Many millennials are perfectly happy making their own investment decisions, but that doesn’t mean they’re discounting professional financial help. That’s according to Schwab Retirement Plan Services, which finds in a survey that 64% of...