Credit Unions in Four States Complete Mergers

Credit unions in Virginia, Maryland, Pennsylvania and Arizona recently announced new mergers. The $20.6 billion Pentagon Federal Credit Union in Alexandria, Va., announced Monday its fifth merger agreement this year with the $101 million Energy Federal Credit Union in...

CFPB Appeals Unconstitutional Ruling

The CFPB is appealing an October appellate court decision that found the structure of the agency unconstitutional because it is governed by a single director who can only be removed by the president for cause.  The agency on Nov. 18 asked the U.S. Court of...

CFPB Appealing Unconstitutional Ruling

The CFPB is appealing an October appellate court decision that found the structure of the agency unconstitutional because it is governed by a single director who can only be removed by the president for cause.  The agency on Nov. 18 asked the U.S. Court of...

EMV Shift Fires Up Online Holiday Season Fraud

Stoked by the U.S. EMV shift, financial institutions and retailers can expect holiday card-not-present fraud rates to increase 43% by volume and 31% by value according to ACI Worldwide research. Naples, Fla.-based ACI Worldwide’s Holiday Trends Report, found...

EMV Shift Firing Up Holiday Online Fraud

Stoked by the U.S. EMV shift, financial institutions and retailers can expect holiday card-not-present fraud rates to increase 43% by volume and 31% by value according to ACI Worldwide research. Naples, Fla.-based ACI Worldwide’s Holiday Trends Report, found...