by GrafWebCUSO | May 25, 2017 | News
A federal appeals court ruled against the NCUA last week in a bond insurance claim dispute stemming from the $72.5 million fraud case of the St. Paul Croatian Federal Credit Union. The U.S. Court of Appeals for the Sixth Circuit on May 18 affirmed a lower court...
by GrafWebCUSO | May 24, 2017 | News
Acting NCUA Chairman J. Mark McWatters is asking the CFPB to use its powers to exempt credit unions from certain agency rules, particularly mortgage reporting requirements. In a Wednesday letter to CFPB Director Richard Cordray, McWatters also asks the agency to issue...
by GrafWebCUSO | May 24, 2017 | News
Distributed Denial of Service attacks remain unpredictable and persistent, and vary widely in volume, speed and complexity according to Reston, Va.-based Verisign’s DDoS Trends Report for the first quarter of 2017. While Verisign saw a 23% decrease in DDoS...
by GrafWebCUSO | May 24, 2017 | News
The estimated 10-year cost of the credit union tax exemption jumped a whopping 32.3% over a year ago, according to the Trump Administration budget released Tuesday. The administration’s budget offered no explanation for the jump from $26.75 billion in Fiscal...
by GrafWebCUSO | May 24, 2017 | News
LAS VEGAS – Credit unions must implement strategies now that will adapt to consumers’ changing needs, Sundeep Kapur stressed at CU Direct’s Drive conference in Las Vegas Tuesday. A big part of that is redesigning branches in a manner that will...
by GrafWebCUSO | May 24, 2017 | News
Credit, debit and prepaid card transactions for six major card networks shot up a combined 13.3% from 2015 to 2016, and purchase volume rose 5.8% to $20.606 trillion, according to new global data from card and payment industry publisher The Nilson Report. Nilson found...
