In May, the NCUA approved 17 mergers with the largest consolidations occurring in Washington, California and North Dakota. The number of mergers in May picked up from April when the federal agency gave the green light to only 11 consolidations. The largest approved...
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?
Gone Phishing: The Top 10 Attractive Lures
What are the most attractive phishing lures? Security alerts, vacation and sick time policy announcements, and package delivery notifications, according to simulated test findings from Tampa Bay, Fla. cybersecurity firm KnowBe4. KnowBe4 tracked the most-clicked email...
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Banking at a credit union has become “_anking” in Canada. Like many of our online readers, I was smacked right in the funny bone by Canada’s financial experts recently and their decision to force credit unions to stop using the words...
Rep. Wagner Drafts Bill to Kill DOL Fiduciary Rule
House lawmakers plan to convene a hearing Thursday to discuss the impact of the Department of Labor’s fiduciary rule on the capital markets. The hearing will focus on a draft bill put forth by Rep. Ann Wagner, R.-Mo., that seeks to kill the...
NCUA Board May Solicit Comment on Closing Stabilization Fund
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...
CFPB Enforcement Conflicting With NCUA, CU President Tells House Panel
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...