Hensarling to Trump: Fire Cordray Now

House Financial Services Chairman Jeb Hensarling (R-Texas) Tuesday called on President Trump to fire CFPB Director Richard Cordray as soon as possible. “Personnel is policy,” Hensarling said in an interview on Fox Business. He said he believes Trump has...

CMFG Ventures Invests in Anti-Fraud Startup

CUNA Mutual Group said Wednesday it has invested in a Chicago-based financial anti-fraud technology startup, participating in Rippleshot, Inc.’s $2.6 million Seed 2 round. KDWC Ventures was the lead investor in the funding for Rippleshot, which provides...

SECU Reaffiliates with Carolinas League

After disaffiliating from the Carolinas Credit Union League nearly three years ago, the board of directors of the $30 billion State Employees’ Credit Union in Raleigh, N.C., said Tuesday it voted to rejoin the Carolinas league. This follows SECU’s decision...

Use of Ransomware Is Exploding, Study Finds

Cybercriminals are quickly trading malware for ransomware and may soon make a big push into hacking wearables and other Internet of Things devices, according to an annual threat report from Santa Clara, Calif.-based network security company SonicWall. Using data from...