ARLINGTON, Va.—As more payment options become available to consumers, credit unions' products and services must keep up, one compliance expert is stating.
Fresh Today
NEW YORK—Forget credit card data heists, consumers need to be wary of "formjacking.”
PARIS—Issuing a draft guidance paper, the Financial Action Task Force (FATF) is urging financial institutions to ready themselves for the impending global expansion of digital identification systems.
BOSTON–Just how “horse and buggy” are the laws in some places when it comes to the property exempt from seizure by debt collectors?
CHARLOTTETOWN, P.E.I.–Credit unions on Prince Edward Island are again offering up to $50 cash back to any P.E.I. credit union member to put towards their gym membership fees.
BRUSSELS–The European Network of Credit Unions met with members of the of the European Parliament (MEPs) to discuss challenges facing credit unions in the European Union (EU)—and some key regulatory items coming up in the Parliament’s new legislative term.
LIVONIA, Mich.–Credit union leagues and league service corporations spanning 27 states have announced the creation of CU Risk Intelligence (CURI), which they are calling a dynamic and scalable risk management platform built to support the governance, risk and compliance (GRC) needs of credit unions.
MADISON, Wis.—Credit unions have been relaxing lending standards as they perhaps brace for a tougher lending environment in 2020, if the latest CUNA Mutual Trends Report data is any indication of what’s coming.
WASHINGTON–The House Judiciary Committee has approved a bill that would decriminalize marijuana at the federal level, an issue on which in various forms credit unions have been lobbying. The Marijuana Opportunity Reinvestment and Expungement Act (MORE) of 2019, passed the committee on a 24-10 vote and now heads to the full House.
WASHINGTON—Ahead of a House Financial Services Committee Task Force on Financial Technology hearing this week to examine the role of big data in financial services, NAFCU Vice President of Legislative Affairs Brad Thaler shared the trade association’s position security of a consumer's financial data is a major aspect of consumer privacy and protection.