A new poll appears to have good news for credit union officials pushing for an overhaul of Dodd-Frank—some 63% of those responding agree that a bill to “reform regulations on banks and financial services companies” is a top or important priority for...
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?
Targeting U.S., Mobile Ransomware Follow the Money: Kaspersky
Mobile ransomware attacks focus on wealthy countries. An annual report from Woburn, Mass.-based Kaspersky Lab. showed the United States leading the ransomware list, followed by Canada, Germany and the United Kingdom. The report from April 2016 to March 2017 revealed...
Targeting U.S., Mobile Ransomware Follows the Money: Kaspersky
Mobile ransomware attacks focus on wealthy countries. An annual report from Woburn, Mass.-based Kaspersky Lab. showed the United States leading the ransomware list, followed by Canada, Germany and the United Kingdom. The report from April 2016 to March 2017 revealed...
CFPB: Five Never, Three Maybe, One for Now
It was interesting to read David Baumann’s June 23, 2017 article on the 22 trade groups that are asking Congress to convert the CFPB into a five-member, president-appointed, Senate-confirmed, bi-partisan commission. The most interesting aspect about this effort...
MidFlorida CU to Pay $2.375 Million in Overdraft Suit
Lakeland, Fla.-based MidFlorida Credit Union has agreed to pay $2.375 million to settle a class-action lawsuit regarding its overdraft fee practices. The settlement requires MidFlorida CU, which has $2.9 billion in assets and 271,000 members, to pay members for...
NCUA Bans 6 Former CU Employees
Six former credit union employees, including two CEOs, a commercial services manager, a teller and a senior member service representative were banned from participating in the affairs of a federally insured financial institution, according to a prepared statement...