The road to federal marijuana legalization remains a long, treacherous and perhaps even impossible one, yet some credit unions are continuing to fight for the industry’s business owners by offering them banking services. But is it worth the risk? Last week, I...
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?
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...

