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?

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

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...

Cybercrime Costs Global Economy $860K Per Evil Internet Minute

Cybercriminals cost the global economy $454 billion last year. In a single evil internet minute, malicious activity costs international commerce $858,153 and victimizes 1,080 people, according to San Francisco based RiskIQ. Despite businesses’ best efforts to...

Partner Colorado CU Launches Cannabis Banking CUSO

Credit unions looking to enter the cannabis banking market can now turn to a CUSO for help rolling out and managing a cannabis banking program – something that is known to be a labor-intensive, compliance-heavy task.  Partner Colorado Credit Union today...

Cybersecurity Still Top Compliance Concern: Poll

Cybersecurity remains the top concern for registered investment advisors, with 86% of respondents in a just-released poll by the Investment Adviser Association flagging “cybersecurity/privacy/identity theft” as their “hottest” compliance topic...

How American Families Pay for College: 2017

Here’s how a typical family financed a college education in 2016-2017 according to the latest annual report, How America Pays for College, from Sallie Mae: Scholarships & grants:                ...

Acting Comptroller Endorses Fintech Charter Plan

Acting Comptroller Keith Noreika Wednesday endorsed his predecessor’s plan to issue national bank charters to fintech companies. Speaking at the Exchequer Club in Washington, Noreika also said that despite a lawsuit challenging the OCC’s power to issue...

2017 Breaches, So Far, Setting a Record Pace

U.S. breaches are on a record pace, again, following a record-breaking 2016, according to a report from the San Diego-based Identity Theft Resource Center and Providence, R.I.-based CyberScout (formerly IDT911). The number of U.S. data breaches tracked through June...