by GrafWebCUSO | Dec 2, 2016 | News
Phyllis Borzi, assistant secretary of Labor for DOL’s Employee Benefits Security Administration, refused Thursday to concede that the fiduciary rule she championed and fought so hard to see passed would be defeated by the incoming Trump administration. “We...
by GrafWebCUSO | Dec 2, 2016 | News
The OCC intends to design standards that will allow fintech companies to be chartered as special-purpose national banks, Comptroller of the Currency Thomas Curry, said Friday. Speaking at Georgetown University Law Center, Curry said that chartered companies would be...
by GrafWebCUSO | Dec 2, 2016 | News
Rep. Jeb Hensarling (R-Texas) has been selected by House Republicans to serve a third term as chairman of the House Financial Services Committee. Once Republicans maintained control of the House, Hensarling’s re-election had been expected. Hensarling has made it...
by GrafWebCUSO | Dec 2, 2016 | News
The Mastercard and Visa decisions to move the liability shift for EMV migration at the fuel pump from October 2017 to October 2020 created an additional fraud-concern period for credit unions. “The unique challenges facing the retail petroleum industry in...
by GrafWebCUSO | Dec 1, 2016 | News
Two people who hid and then escaped from a Jacksonville, Fla. credit union branch distracted an armed robber that allowed police to rescue 13 hostages unharmed and capture the gunman who threatened to kill them during a two-hour standoff Thursday morning. Jacksonville...
by GrafWebCUSO | Dec 1, 2016 | News
Congressional negotiators have dropped a provision from the annual defense authorization bill that would have made it easier for banks to acquire rent-free space on military bases—a benefit already provided to credit unions. House and Senate conferees announced...
