by GrafWebCUSO | Sep 21, 2017 | News
A Florida federal judge ruled last month that the $2.3 billion Grow Financial Federal Credit Union has alleged sufficient facts to pursue a lawsuit that the $1.8 billion GTE Financial Federal Credit Union and an employee allegedly misappropriated Grow’s trade...
by GrafWebCUSO | Sep 20, 2017 | News
Equifax’s recent breach may be just a drop in the data-breach bucket by the end of 2017, according to new research out this week from digital security company Gemalto. The Amsterdam-based company reported that 918 data breaches compromised 1.9 billion data...
by GrafWebCUSO | Sep 20, 2017 | News
The recent and massive database breach at Equifax serves to highlight the insider threat that database systems face today. But you say, “The Equifax database attack was perpetrated by external hackers, not internal personnel.” While that’s true, it...
by GrafWebCUSO | Sep 19, 2017 | News
An Atlanta business owner was sentenced to three years in prison last week for running a home equity loan fraud scheme that led to losses of nearly $3 million for the $82 billion Navy Federal Credit Union. U. S. District Judge Claude M. Hilton also ordered Thomas...
by GrafWebCUSO | Sep 19, 2017 | News
San Francisco-based Square, which offers card readers and a payments app, has confirmed to CU Times that is has filed an application for an industrial loan charter with the FDIC. The company is the latest in a string of fintechs to make the move toward bank...
by GrafWebCUSO | Sep 18, 2017 | News
A key Republican House member is asking the NCUA to delay proposals to increase its normal operating level and merge its corporate credit union stabilization fund and its share insurance fund. “Merging the funds and raising the [operating level] would seem...
