NEW YORK—Global fines for anti-money laundering (AML) and data privacy compliance breaches have fallen by nearly 50% year-on-year in the first half of 2021, but could bounce back quickly as financial crime continues, reported Info Security.
Fresh Today
WASHINGTON—The federal government is warning companies of the potential for ransomware attacks this weekend.
WASHINGTON–Is the housing market in a bubble? It’s a question being posed to many economists, and now CUNA’s chief economist has also weighed in.
WASHINGTON—Leslie Payne, AVP of commercial lending at Affinity Credit Union, testified this week on behalf of NAFCU to discuss the experience of credit unions under the Paycheck Protection Program (PPP) loan forgiveness process.
WASHINGTON—Two recently launched programs by the Small Business Administration (SBA) should ease the Paycheck Protection Program (PPP) forgiveness process, CUNA stated in a letter to the House Small Business Committee.
WASHINGTON–The Independent Community Bankers of America (ICBA) told Congress that the Small Business Administration’s Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.
BROOKLYN, N.Y.–A former credit union employee here has pleaded guilty to one count of computer intrusion after she accessed the credit union’s computers and destroyed valuable data following her termination by the CU.
NEW ORLEANS–The National Council of Firefighter Credit Unions said it has established an Ida Disaster Relief Fund primarily to help New Orleans Firemen’s FCU, which it said has been “severely affected” by the hurricane.
GLENDALE, Ariz.–Credit Union West announced it is raising its minimum hourly wage to $20 per hour.
BOULDER CITY, Nev.–Mitchell Stankovic announced itsupcoming Underground Xchange: Employee Resource Groups will “dig deeper” into the intentions and the realities organizations will face when starting, governing, and evolving ERGs.