MADISON, Wis.—The Worldwide Foundation for Credit Unions is building upon its long tradition of providing relief to credit unions reeling from natural disasters by launching Project Storm Break—an annual campaign to establish a forward-prepared disaster fund.
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SAN FRANCISCO—For the first time in five years, rates of certificates of deposits have reversed course and are declining, a new report reveals. Separately, mortgage rates have also declined to a two-year low.
WASHINGTON—Ahead of the CFPB’s review of overdraft rules, both CUNA and NAFCU have submitted comments to the agency outlining their concerns that any changes should not increase regulatory burden on credit unions.
WASHINGTON– A coalition of consumer groups has sent a letter to the CFPB urging it not to weaken the Federal Reserve’s 2009 overdraft “opt-in” rule.
BEDFORD, Mass.—Fraud attacks involving rogue mobile applications jumped nearly 300% in the first quarter from the preceding quarter, and fraudulent card-not-present transactions rose 17%, a new report shows.
PASADENA, Calif.–Wescom Credit Union has launched a new “Quick Assist Loan” program for members in need of short-term, small-dollar loans with no credit checks. The credit union said the product is aimed at being an alternative to high-rate payday loans.
ATLANTA—Equifax said it is partnering with FinTech Sandbox to help drive global FinTech innovation.
MOSCOW—The CEO of one of the largest payment processing companies predicts cryptocurrencies will replace cash, and eventually financial institutions.O of one of the largest payment processing companies predicts cryptocurrencies will replace cash, and eventually financial institutions.
HONOLULU, Hawaii — Pearl Hawaii Federal Credit Union has named a new CEO. The $377-million credit union has selected Dan Terada to lead the organization, after having previously served in a number of roles.
LAKE JACKSON, Texas–Lucilla Henderson, vice president of community and business engagement with TDECU–Your Credit Union here, has died.