by GrafWebCUSO | Feb 10, 2017 | News
As expected, the Department of Labor filed a notice Thursday with the Office of Management and Budget to delay implementation of its fiduciary rule via a Notice of Proposed Rulemaking. OMB reviews generally take from 10 to 14 days and then once OMB approves...
by GrafWebCUSO | Feb 10, 2017 | News
New York’s tenth largest credit union by assets, the $1.7 billion Melrose CU, was placed into conservatorship Friday by the New York State Department of Financial Services, which appointed the NCUA as the conservator, according to the federal agency. The state...
by GrafWebCUSO | Feb 10, 2017 | News
House Financial Services Chairman Jeb Hensarling’s revised Dodd-Frank overhaul bill abandons the idea of converting the CFPB into a five-member commission – a plan consistently advocated by credit union trade groups. Instead, the plan calls for the CFPB to...
by GrafWebCUSO | Feb 10, 2017 | News
Millennials are overconfident and underprepared for managing their money, according to new research from the Denver-based National Endowment for Financial Education. Only 24% of the millennial respondents (23-to-35-year-olds) showed basic financial literacy in...
by GrafWebCUSO | Feb 10, 2017 | News
Another breach at a fast-food restaurant, this time at Atlanta-based restaurant chain Arby’s, once again puts credit union cardholders at risk, in an incident reminiscent of the Wendy’s hack in 2016. According to cybersecurity expert Brian Krebs, sources...
by GrafWebCUSO | Feb 9, 2017 | News
All credit unions have to battle fraud these days, but in Spokane, Wash., a few credit unions are taking the fight to a new level — some of their employees are becoming commissioned fraud investigators with the local police department. The move — done in...
