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.

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Credit Union Times | Accurate and Timely CU News | Credit Union Times

Credit Union Times | Accurate and Timely CU News | Credit Union Times Instant Insights / Credit Union Times: Cyber security roundup By Peter Westerman |February 13, 2018 Share these online dating safety tips with members via your website and social media. Browse...

NACHA & IFX Announce Merger Deal

API technology NACHA — The Electronic Payments Association and the Interactive Financial eXchange (IFX) Forum plan to combine forces in a deal they said will speed up and strengthen the development of standardized application programming interfaces (APIs)...

Cannabis CUs Move Forward Cautiously: Onsite at GAC

From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk...

Nussle Tells Hatch Credit Unions Must Be Permitted to ‘Evolve’

Credit unions must be permitted to evolve, and that evolution should not endanger their tax exemption, CUNA President Jim Nussle said this week, in a letter to Senate Finance Chairman Orrin Hatch (R-Utah). Hatch recently wrote a letter to NCUA Chairman Mark McWatters...

Sen. Warren Blasts Equifax for Lax Cybersecurity in Report

Sen. Elizabeth Warren, D-Mass., released the findings of a four-month investigation into how Equifax failed to protect the personal data of more than 145 million Americans. The new 15-page report containing the findings concludes...

E-Commerce Cyberattacks Grew During 2017 Holiday Season

ThreatMetrix, The Digital Identity Company, research identified 251 million fraud attempts, a 113% growth over 2016, during 2017’s fourth quarter. The report also revealed an increased attack volume originating from Russia. The Q4 2017 Cybercrime Report from San...

RiskIQ Alert Spotlights Bitcoin Security Threats

San Francisco-based digital-threat-management solutions provider RiskIQ’s in its analysis of cryptocurrency security menaces and tips, found more than 600 blacklisted bitcoin apps found across official app stores including Apple and Google. RiskIQ in an alert...

Understaffing Has Many CUs Outsourcing IT

The widening gap between understaffed IT departments and growing demands for better, more complicated data security is pushing many credit unions and community banks to outsource the management of their IT networks and security monitoring, according to new research....

Wave of Crypto Scams, Bitcoin Crash Said to Spook Card Firms

America’s largest banks had a myriad of worries in mind when they rushed this week to ban customers from using credit cards to buy cryptocurrencies. Bitcoin’s gut-wrenching slide was just one of the threats. JPMorgan Chase & Co., Bank of America Corp....