by GrafWebCUSO | Mar 10, 2017 | News
CU Direct this week said overall car sales will fall this year with used car sales and leasing accounting for an increasing share of transactions. Credit unions’ traditional strength in used car lending puts them at an advantage in gaining used car loans, but...
by GrafWebCUSO | Mar 10, 2017 | News
A federal appeals court Thursday upheld the six and half-year prison sentence of a former credit union CEO who embezzled nearly $2 million from a Michigan credit union. Kathryn Sue Simmerman, the former manager of the $17.3 million Shoreline Federal Credit Union, was...
by GrafWebCUSO | Mar 10, 2017 | News
Meeting with community bankers Thursday, President Trump reaffirmed his commitment to tailoring regulations to consider the size of financial institutions. “President Trump promised to work to tailor the nation’s regulatory framework so that it accounts...
by GrafWebCUSO | Mar 10, 2017 | News
Credit unions and banks are under a considerable amount of pressure to ramp up security with increased mobile banking adoption, a trend that is increasingly threatening the security of IT infrastructures. That is one disturbing finding from Woburn, Mass. based...
by GrafWebCUSO | Mar 9, 2017 | News
Home Depot has reached a proposed multimillion-dollar settlement with financial institutions affected by its 2014 data breach, according to documents filed in a U.S. District Court. The retailer agreed to pay up to $25 million to affected financial institutions,...
by GrafWebCUSO | Mar 9, 2017 | News
Small business lending is on the minds of credit unions and lawmakers this week in Washington, D.C. On Thursday, Randolph-Brooks Federal Credit Union’s executive vice president/chief lending officer, Sonya McDonald testified on behalf of NAFCU in front of the...
