by GrafWebCUSO | May 25, 2017 | News
An estimated 75% to 85% of credit union consolidation agreements contain significant merger related compensation for top executives, but this information is usually not disclosed to members before they vote on merging their credit union. That may change this year if...
by GrafWebCUSO | May 25, 2017 | News
Speakers explained what hackers earn on the black market for personal information they steal online. LAS VEGAS – Due to advancing technologies and a growing amount of internationally-connected data floating around in the world, credit unions and other...
by GrafWebCUSO | May 25, 2017 | News
House Financial Services Chairman Jeb Hensarling (D-Texas) says he will drop the repeal of the so-called Durbin Amendment from his Dodd-Frank overhaul plan rather than jeopardize the entire bill. “I’ve said before that repeal of the Durbin amendment was...
by GrafWebCUSO | May 25, 2017 | News
The NCUA board on Thursday agreed to issue proposed rules that would standardize the appeals process that credit unions may use if they disagree with agency actions. The proposed rules would replace provisions that are scattered throughout the regulations governing...
by GrafWebCUSO | May 25, 2017 | News
LAS VEGAS – It’s no secret that consumers are constantly shifting their behaviors and gravitating toward financial services providers that make their lives easier, more convenient and more affordable. At CU Direct’s Drive conference Wednesday, CU...
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...
