U.S. Attorney General Jeff Sessions has loomed as a threat to the legalized marijuana industry. But Sessions, at the helm of the U.S. Justice Department since February, hasn’t taken any overt action to undermine state regulations, giving some hope to...
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?
Anatomy of Mortgage Spear-Phishing Campaigns
According to new numbers from the U.S. Commerce Department released recently, new home builds and sales are rising, which could mean a big opportunity for mortgages and unfortunately, cyber criminals. Increasingly, malicious hackers are spoofing emails as part of a...
Mobile Bank Startup Eyes National Bank Status
Varo Money Inc. is shooting to be the first national mobile bank. The mobile banking startup announced Tuesday that it has applied for a national bank charter from the Office the Comptroller of the Currency and for federal deposit insurance from the Federal Deposit...
Republican Calls for Probe of CFPB’s Cordray for Violating Campaign Laws
House Financial Services Chairman Jeb Hensarling (R-Texas) has asked an independent legal official to investigate whether CFPB Director Richard Cordray is violating federal law against campaigning for a political position while in office. The request is the latest in...
New Mexico Credit Unions Call Off Merger
The proposed merger between two of New Mexico’s largest credit union was called off, according to a prepared statement released Friday by the boards of directors. In October, New Mexico’s fourth largest credit union by assets, the $783 million Kirtland...
Instant Issuance: In the Cards for Credit Unions?
With the evolution to more self-service interactions, instant card issuance provides members with a good reason to visit credit unions, which can then deliver securely activated cards directly into their hands. It also provides members with human contact while...