CFPB Director Richard Cordray Monday made a personal appeal to President Trump to veto a congressional resolution nullifying the agency’s arbitration rule. “Many have told me I am wasting my time writing this letter – that your mind is made up and...
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?
How Automation Will Impact the Next Generation of Work
Artificial intelligence, data analytics and other emerging automated technologies are not only going to impact low-wage workers, but also highly compensated executives and other professionals – and employers should be helping them to prepare now for...
NCUA Liquidates N.Y. State Employees FCU
The NCUA on Friday liquidated New York State Employees Federal Credit Union. Palisades Federal Credit Union of Pearl River, N.Y., immediately assumed most of the liquidated credit union’s assets and all members, shares and loans of the New York City-based credit...
Most Consumers Satisfied With How FIs Handle Account Fraud
While 15% of U.S. consumers spotted fraudulent activity on their accounts last year, 85% said they were satisfied with how their credit union or bank handled the incident, according to a new survey commissioned by the Ottawa, Canada-based March Networks. The online...
Mastercard to Abandon Signatures at Checkout
Mastercard has announced it will stop requiring signatures at checkout for credit or debit purchases in Canada and the U.S. after April 2018. “Eliminating the need for signature is another step in the digital evolution of payments and payment security. At first...
Mobile Engagement Surpasses Internet Banking at Vons CU
Vons Credit Union announced that for the first time, mobile engagement surpassed internet banking interactions. The credit union utilizes the Austin, Texas-based digital banking provider Malauzai’s MalauzaiOne virtual banking solution. According to...