by GrafWebCUSO | Feb 3, 2017 | News
President Donald Trump signed an executive order Friday afternoon directing the Labor Department to undertake an assessment of its fiduciary rule, and if it deems appropriate, a proposal to revise the rulemaking, which industry officials say would delay the...
by GrafWebCUSO | Feb 3, 2017 | News
President Trump on Friday ordered a detailed review of Dodd-Frank, as the administration said the law failed miserably in its goal of providing effective regulation of financial institutions. “Dodd-Frank did not solve the causes of the financial crisis,”...
by GrafWebCUSO | Feb 3, 2017 | News
Nine out of 10 Americans use chip cards at about a third of U.S. locations enabled to accept chip payments but the industry must address fraud in in online and mobile channels. In its winter 2017 market snapshot, the Princeton Junction, N.J.-based U.S. Payments Forum,...
by GrafWebCUSO | Feb 2, 2017 | News
Michael Murgio, who participated in a scheme to control a New Jersey Credit Union to conceal an illegal Bitcoin operation, was sentenced to one year probation last week in U.S. District Court in New York City. U.S. District Court Judge Alison J. Nathan also ordered...
by GrafWebCUSO | Feb 2, 2017 | News
Left or right, this is going to be an interesting 2017 CUNA Governmental Affairs Conference. I’ve had a few conversations lately with some long-time credit union leaders to gage where their brains are just days into the new Trump administration. And I’ve...
by GrafWebCUSO | Feb 2, 2017 | News
Some 78% of U.S. business leaders anticipate making significant changes − with financial services adapting to a shifting regulatory environment − because of the Trump election victory. But few organizations seem prepared. Those results revealed in the New...
