by GrafWebCUSO | Mar 30, 2017 | News
Wells Fargo has reached a $110 million settlement with its bank clients tied to as many as 2 million fake accounts. This news comes about six months after the bank agreed to pay $185 million in fines and penalties to federal regulators and the Los Angeles city...
by GrafWebCUSO | Mar 30, 2017 | News
A new survey shows financial institutions are seeing benefits from video banking but only a small percentage of their customers are using the service. The joint report, coauthored by CUNA Strategic Services, Vidyo, a video communications technology provider and Efma,...
by GrafWebCUSO | Mar 30, 2017 | News
“The introduction of something new,” or, “a new idea, method or advice.” According to m-w.com, that’s the definition of innovation – a word that’s as prevalent in the credit union industry as deposits or members. It often...
by GrafWebCUSO | Mar 30, 2017 | News
Rancho Cucamonga, Calif.-based CO-OP Financial Services intends to implement artificial intelligence to fight fraud, with a machine learning-based risk management tool for its client credit unions later in 2017. “A key pain point for credit unions in 2017 is...
by GrafWebCUSO | Mar 29, 2017 | News
The U.S. Justice Department argued Friday that the Consumer Financial Protection Bureau should be stripped of its independence, a reversal of an earlier stance that the president only had the power to remove the Obama-era agency’s director for cause,...
by GrafWebCUSO | Mar 29, 2017 | News
After more than three years since a Kansas credit union was merged following a suspected embezzlement scheme, federal authorities announced Wednesday the indictment of a former president/CEO who is allegedly responsible for stealing more than $5 million. Nita Rae...
