ALEXANDRIA, Va.—The NCUA board will consider a final risk-based capital rule, the agency’s 2020-21 budget and will receive a briefing on the 2020 share insurance fund Normal Operating Level (NOL) at its Dec. 12 meeting
Fresh Today
WASHINGTON—Increasing financial threats to elder Americans from both domestic and foreign actors can be seen in the recent increase in suspicious activity report (SAR) filings, according to an analysis of Bank Secrecy Act data over the last six years performed by the Financial Crimes Enforcement Network (FinCEN).
WASHINGTON– A new study conducted for the Secure Payments Partnership coalition, which is made up of retailers, shows that the U.S. credit card industry “has failed to establish adequate security standards and that a neutral third party should be put in charge,” according to the National Retail Federation.
SACRAMENTO, Calif.—In a letter to California Attorney General Xavier Becerra, NAFCU has outlined a number of concerns it has regarding the California Consumer Privacy Act (CCPA), which is set to take effect Jan. 1., 2020.
LITTLE FALLS, Minn.–The former president of a credit union here has been sentenced to eight years in prison. Margurite Cofell, 62, pleaded guilty in April to one count of fraud in what prosecutors called a multi-million-dollar scheme.
FARMINGTON, Mich.–LOC Federal Credit Union has named a new president and CEO. The $226-million CU has selected Stephen Groch to lead the organization effective in February of 2020.
EDWARDSVILLE, Ill. — Scott Credit Union has declared a bonus dividend and loan interest rebate that will return more than $1 million to members.
The payout brings to more than $12 million the amount that has been returned to members in the form of bonuses over the last dozen years, the credit union reported.
BROOKLYN CENTER, Minn.–Members of Electrus FCU here have voted to merge into SPIRE Credit Union, with the credit union to now operate as Electrus–A Division of SPIRE Credit Union.
IRONDALE, Ala.–Corporate America Credit Union (CACU) said it is now a funding agent for the RTP network, the real-time payments network operated by The Clearing House (TCH)
FRAMINGHAM, Mass.—Shipments of wrist-worn wearables, including smartwatches, basic watches and wristbands, rose 29% from a year ago, a new report indicates.