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...
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?
Insurance Breach Reported & Businesses Remain Virtually Deaf to Cyber Threats
A second breach at Anthem Inc. exposes the fact that businesses are not prepared for cyber attacks.
Credit Unions, Banks Warily Watch Jeff Sessions on Marijuana Policy
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...
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...