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?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Hyatt Breached Again; Hawaii, Guam & Puerto Rico Locations Affected

The Chicago-based Hyatt Hotels Corporation identified signs of unauthorized access to payment-card information used at some 41 hotels in 11 countries from March 18, 2017 to July 2, 2017. Five of the Hyatt properties affected by the breach included U.S. locations,...

Leagues Pile On, Joining CUNA’s Equifax Lawsuit

Three credit union leagues have joined CUNA in its lawsuit against Equifax over the credit bureau’s recent data breach that compromised personal financial information for more than 145 million people. The Credit Union Association of New Mexico, the...

Equifax Says Vendor Responsible for Malicious Content on Website

It wasn’t us. Equifax Inc. said it was a third-party vendor that served malicious content on its website and it has taken the page offline to conduct further analysis. “Equifax can confirm that its systems were not compromised and that the reported issue...

Equifax Pulls Web Page Offline After Another Possible Attack

Equifax Inc. pulled one of its customer help pages from its site so the company’s security team can investigate reports of another possible cyber attack. "We are aware of the situation identified on the equifax.com website in thecredit report assistance link,"...

Survey: Retail Websites May Know CU Members Better Than You

Credit unions may have access to mountains of data, but 59% of their members apparently feel retail websites such as Amazon, Netflix and Zappos know them better than their credit unions do, according to a new survey of 2,201 U.S. adults by financial services software...