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?

Anti-Money Laundering and Countering the Financing of Terrorism Programs

( printed page 18304) AGENCY: Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and the National Credit Union Administration. ACTION: Notice of proposed rulemaking. SUMMARY: The Office of the Comptroller of the Currency (OCC),...

Chartering and Field of Membership

( printed page 17769) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to amend the associational common bond provisions of its chartering and field of membership (FOM) rules. The proposed FOM amendment would clarify that...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

Enticing the Non-Member: Onsite at MAXX

CUNA Mutual Group's Gerry Singleton discusses the behaviors and beliefs of non-credit union members. Spokane, Wash. – At the start of his breakout session during the Northwest Credit Union Association’s MAXX Convention Tuesday, CUNA Mutual Group Vice...

Passwords Weaken Company IP & Financial Data Protection

Half of all businesses still only password-protect the company IP and financial data. Those offering additional factors are choosing the weakest and most outdated options including static questions and one-time passwords. Those are two of the major findings from the...

Illinois CU League Joins CUNA Suit Against Equifax

The Illinois Credit Union League is the newest plaintiff in CUNA’s class-action suit against Equifax over the credit bureau’s recent data breach. The league said it wants to fulfill its mission to protect member credit unions from losses caused by merchant...

Treasury Denounces CFPB Report, as Deadline Looms

As the deadline approaches for Congress to try to nullify the CFPB’s arbitration rule, the Trump Administration’s fight against the regulation intensified Monday, as the Treasury Department issued a new report blasting the agency’s decision to issue...

Dozens of Employees, Members Lose Homes in California Wildfires

Several California credit unions reported dozens of employees and members lost their homes during the California wildfires, and there could be more losses as neighborhoods were just re-opened Friday morning in Santa Rosa to anxious residents who evacuated their homes...

Harvey Weinstein Scandal: Lessons for HR Departments

What are some of the main lessons that all employers can take away from the fallout of sexual harassment claims against Hollywood producer Harvey Weinstein? First, it’s not enough to have company policies against harassment of any kind  –...