NCUA Closes Philadelphia Credit Union

A seventh credit union, the First African Baptist Church Federal Credit Union, which received services from the Service Center for Credit Unions Inc. in Bensalem Township, Pa., was closed Tuesday. The NCUA announced it liquidated the $76,188 First African Baptist...

Americans Suffering From Financial PTSD: Study

Workers in the U.S. are under a lot of financial stress, thanks to heavy loads of student debt and medical bills and low-paying jobs. But that stress is actually something more, a new study shows: a form of financial post-traumatic stress disorder....

CFPB Warns Financial Companies About Incentive Programs

The Consumer Financial Protection Bureau (CFPB) issued a bulletin on Monday warning supervised financial companies that creating incentives for employees and service providers to meet sales and other business goals can lead to consumer harm if not properly...

New Worry for Credit Unions: Aftershock Password Attacks

Cybercriminals are broadening their targets in the nefarious search for personal information from data breaches. Fraud trends that could involve credit unions in 2017 are payment-based and so-called aftershock password attacks. The Experian 2017 Data Breach Industry...

NCUF’s Credit Union Holiday Twitter Chat

Credit unions will have the opportunity to share how they celebrate the Yuletide Season through a “Special Holiday Edition” Twitter chat sponsored by the National Credit Union Foundation in Madison, Wis. Starting at 3 p.m., Central time, on Thursday, Dec....