The world is waging a war on cash, according to a position paper released today by the ATM Industry Association. “For decades, anti-cash campaigns, largely led by dominant card brands, have been waged in the mass media with the objective of discrediting...
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?
UPDATE: Wells Fargo Data Breach Was Blunder by Lawyer
A massive Wells Fargo customer data breach was not the work of a hacker, but of the bank's own lawyer who failed to review the bank's entire set of discovery documents, including information about the bank's wealthy customers, before it was shipped to a...
Former Washington CEO Faces Theft & Arson Charges
A former president/CEO of a Washington credit union who allegedly stole more than $350,000 and burned bank documents during an NCUA examination will be arraigned in a county court on July 31 for theft and arson, according to police and prosecutors. Krista Stephanie...
Exploring Location-Based Partnerships … With Tacos!
Partnerships are a funny thing. In life, you look for a partner to balance you out – someone who’s stronger where you’re weakest. It’s the same in business. We’re watching new partnerships being created all across the credit union space,...
House Democrats Accuse Republicans of Harassing CFPB
Republicans on the House Financial Services Committee are harassing the CFPB in an effort to undermine the agency’s work, committee Democrats charge in a new staff report. "Republicans in Congress have been clamoring to weaken and ultimately destroy the consumer...
Despite Possible Fiduciary Delay, Important Compliance Requirements Remain
The Labor Department will more than likely propose fundamental changes to the fiduciary rule and its prohibited transaction exemptions, resulting in a delay of full implementation of the controversial regulation for at least one year, and perhaps longer, according to...

