Do Not Fire CFPB’s Cordray, Dems Warn Trump

Senate Democratic Leader Chuck Schumer (D-N.Y.) delivered a stern message to President-elect Donald Trump today—“Do not tell Richard Cordray he’s fired.” Schumer joined Sen. Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) on a conference...

Malware Starts Pinpointing Financial Services Targets

Sunnyvale, Calif.-based security firm Proofpoint discovered a sharply focused email-based campaign attacking a major financial service provider with a small number of malicious emails sent to users in a single organization. Additionally, the emails included a...

California Couple Sentenced for $600K Credit Card Scam

New court documents revealed that a $600,000 credit card scheme victimized many more credit unions than banks across 19 states, which was not previously reported publicly by federal authorities. Michael Lee Thomas of Oakland, Calif., and Barbara John Lopp of Stockton,...

DOL Releases Fiduciary Rule FAQ for Investors, Workers

The Department of Labor released Friday the second batch of frequently-asked-questions guidance on its fiduciary rule. In releasing the 16-page FAQ, which includes 30 questions and answers, Phyllis Borzi, assistant secretary of Labor for the Employee Benefits...

Making the Most of Mobile Banking User Interfaces

Today’s mobile banking world is all about performance, user experience and interfaces. However, just as there isn’t one mobile banking user type, no single solution fits all credit unions. So, what is the best way for credit unions to mobilize their...