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?

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...

Proposed New and Renewal of Agency Information Collections; Request for Comments

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of submission to the Office of Management and Budget. SUMMARY: As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following...

Anti-Money Laundering and Countering the Financing of Terrorism Programs

( printed page 18304) AGENCY: Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and the National Credit Union Administration. ACTION: Notice of proposed rulemaking. SUMMARY: The Office of the Comptroller of the Currency (OCC),...

Study: Employers Focus on Health Costs, Employee Well-Being

Employers are increasingly focused on addressing the needs of “the whole employee” within their benefits offerings, integrating emotional, financial, social and career well-being with physical health, according to the 2017 Arthur J. Gallagher &...

Puerto Rico Cooperativas Can Withstand Fiscal Crisis

Puerto Rico’s cooperativa system—state insured credit unions—can withstand the island’s fiscal crisis even though the financial institutions heavily invested in government bonds, regulators said Friday. Puerto Rico has more than 100...

CFPB Releases Model Overdraft Disclosures

The CFPB on Friday released four overdraft disclosure prototypes designed to make it easier for consumers weighing whether to take out overdraft protection. The one-page form is designed to improve the model form already being used by credit unions and banks....

NCUA Bans Former CEO, Branch Supervisor & Teller

Convicted of embezzlement, fraud or grand theft, former credit union employees who worked as a CEO, a branch supervisor and a teller were banned from participating in the affairs of any federally insured financial institutions, the NCUA announced earlier this week. In...

Financial Institutions Battle Credential Stuffing Bots

The reality of breaches is the amount of information available on the dark web. In 2016, hackers stole some three billion credentials, some of which they use in account takeovers. The big security threat called credential stuffing is the use of automated means to test...

Trade Groups Thank CFPB for Eased Rule (Then Ask for More)

Credit Union trade organizations praised the CFPB for its proposal to ease up on Home Mortgage Disclosure Act reporting for home equity lines of credit — then they urged the agency to go further. In letters sent to the Consumer Finance Protection Bureau in the...