A key Republican House member is asking the NCUA to delay proposals to increase its normal operating level and merge its corporate credit union stabilization fund and its share insurance fund. “Merging the funds and raising the [operating level] would seem...
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?
NCUA Grants Charter for Clean Energy FCU
If anything, the name of a new credit union ----- Clean Energy Federal Credit Union ---- sounds like it is poised to serve the rising consumer demands for renewable energy products. The NCUA granted a federal charter and share insurance fund coverage for the Boulder,...
Equifax Breach a Game-Changer for CU Fraud
Credit unions should immediately evaluate their credit reporting practices, find ways to get better breach data and prepare for a spike in fraud in the wake of Equifax’s enormous data breach, two experts have warned. The Equifax breach, announced Sept. 7,...
Irma’s Aftermath Continues to Take Toll on Florida CUs
The aftermath of Hurricane Irma continued to take its toll on Florida’s credit unions, employees and members as they headed into the weekend with no power or running water, the League of Southeastern Credit Unions reported Friday. The greatest challenge for the...
Democrats Press DeVos to Renew Cooperation With CFPB
Calling the CFPB a crucial watchdog of student loan servicers, some 39 congressional Democrats are pressing Education Secretary Betsy DeVos to again share servicer information with the consumer agency. “Contrary to the department’s assertion, Congress has...
Private Sector Innovation, Not Government, Should Drive ID Protection: Mnuchin
Treasury Secretary Steven Mnuchin called out private sector innovation, government support, public-private partnerships and decentralization such as the National Strategy for Trusted Identities in Cyberspace when speaking about authentication inadequacies,...