The NCUA board will decide on July 20 whether to solicit comments on closing the temporary corporate stabilization fund and on setting a normal operating level for the agency’s Share Insurance Fund. Board Chairman J. Mark McWatters said earlier this year that he...

A credit union president told a House subcommittee Thursday that the CFPB’s powers are so broad that actions by the agency have contradicted policies set by the NCUA, the primary regulator of credit unions. The CFPB has used its discretion to take action under...

Organizational personnel cause almost half of worldwide IT security incidents in businesses each year, and 40% of employees involved hide their IT security episodes for fear of employer punishment or blame. These are some of the revelations from a new report,...

Credit unions representing nearly a quarter of the nation’s members will get a break from reporting home equity line of credit data to federal regulators under a rule change proposed Monday. CFPB Director Richard Cordray said Monday the agency would issue a...

Newly discovered credit card data breaches point out the need to defend against hackers, who have flooded the dark web with personal information and opened the door to more ransomware attacks. Brian Krebs in his KrebsOnSecurity blog reported about a Missouri-based...

Credit unions gained a slightly larger share of consumer lending in May, as their loans for cars and credit cards grew faster than banks, the Federal Reserve reported Monday. Total consumer credit stood at $3.8 trillion on May 31, up 5.8% from a year earlier,...