by GrafWebCUSO | May 4, 2017 | News
The House Financial Services Committee on Thursday approved Chairman Jeb Hensarling’s (R-Texas) Financial CHOICE Act to overhaul Dodd-Frank, after defeating Democratic amendments to the bill. The committee approved the bill along party lines, 34-26. It now...
by GrafWebCUSO | May 4, 2017 | News
Eight in 10 bank customers want biometric authentication beyond the fingerprint in their mobile banking and payment apps, and 42% said they refuse to use mobile banking or payment apps that don’t have biometric authentication, according to a new survey....
by GrafWebCUSO | May 4, 2017 | News
I’ve been traveling a lot in the past month for both work and not-work reasons. On each trip, I’ve made a point to ask people, family members, Uber drivers and business professionals about credit unions to see what they know and think. I spoke with 18...
by GrafWebCUSO | May 4, 2017 | News
The full Senate confirmed Jay Clayton as chairman of the Securities and Exchange Commission by a 61-37 vote this week. Industry groups were quick to applaud the former Sullivan & Cromwell partner’s appointment, with most expressing their view that...
by GrafWebCUSO | May 3, 2017 | News
The NCUA has received $400 million from Credit Suisse for claims filed in connection with purchases of residential mortgage-backed securities by three corporate credit unions, the agency announced Wednesday. The agency said legal recoveries in connection with the...
by GrafWebCUSO | May 3, 2017 | News
As the second day of the House Financial Services Committee’s markup of the Financial CHOICE Act unfolded, Republicans defeated amendments intended to bolster the CFPB. The panel then bogged down over two Democratic amendments; one would prohibit any rulemaking...
