CFPB Director Richard Cordray is once again refusing to tell House Financial Services Chairman Jeb Hensarling (R-Texas) whether he will fill out his term or resign to run for Ohio Governor. “At this time, I have no further insights to provide on that...
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?
Some CUs Begin Recovery, Others Pounded With New Flooding
More than two feet of rain over the last 24 hours pounded the small Texas cities of Beaumont and Port Arthur forcing the closure Wednesday of 13 credit unions that collectively serve nearly 130,000 members and their families. While Tropical Storm Harvey veered into...
Warning of Potential Hurricane Harvey Phishing Scams
US-CERT warned users to remain vigilant for malicious cyberactivity centered around Hurricane Harvey including exercising caution with any storm-related emails, attachments, or hyperlinks, even those appearing to originate from trusted sources. Fraudulent emails often...
CUAid Activated, CU Closures Climb in Flooded Areas
Updated: Tuesday, 9:42 AM ET Cornerstone Credit Union League officials said eight Houston-area credit unions are "closed until further notice." These credit unions have 26 full-time and part-time employees, 9,694 members and $68.7 million in assets as of March...
CUNA Mutual Group Reports Harvey Storm Claims
CUNA Mutual Group reported Monday it has received seven credit union claims though none have been considered catastrophic claims because of Tropical Storm Harvey, which has dumped 11 trillion gallons of rain on the Lone Star State and caused massive flooding...
Houston Credit Unions Taking it One Day at a Time
While Tropical Storm Harvey lingers over Houston forcing many credit unions to keep its branches closed on Monday, some employees whose homes have not been damaged are working remotely, posting transactions, serving members and taking it one day at a time. Like...