KEY WEST, Fla.–Credit union leaders here were given a “practical checklist” to follow when it comes to addressing cybersecurity. As one expert made clear here, even those CUs confident they have vulnerabilities locked down really can’t be sure.
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KEY WEST, Fla.–Some questions and rumors surrounding the implementation of the upcoming CECL standard were answered and debunked by a FASB official here. One issue around which there is no debate: CECL is coming, and no credit union is going to be exempt, he said.
KEY WEST, Fla.–Credit unions are accustomed to talking about risk, but seldom consider the growing risk to be found in “human capital” related to everything from the #MeToo movement to transgender employees to new physical workplaces and even from employees labeled as “404s.”
WASHINGTON—Credit unions are committed to advancing diversity, equity and inclusion (DEI) and have a long history of serving underserved and diverse communities CUNA wrote to the House Financial Services subcommittee on diversity and inclusion this week.
SACRAMENTO, Calif.—Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law, according to advocates of privacy laws.
WASHINGTON — The Office of the Comptroller of the Currency (OCC) has opened a 45-day public comment period on a proposed Innovation Pilot Program that would allow companies to test new ideas.
MADISON, Wis./WASHINGTON– Seven new specifications are now available to credit unions utilizing Credit Union Financial Exchange (CUFX), according to the CUNA Technology Council.
HARRISBURG, Penn.–To celebrate Public Service Recognition Week, which begins May 5, Pennsylvania State Employees Credit Union said it will be offering free coffee at a number of restaurants and coffee shops in Bethlehem, Harrisburg, and State College, Pennsylvania.
BURNSVILLE, Minn.–Firefly Credit Union is reporting its relationship with a local financial counseling service has now led to nearly $4 million in consumer debt having been paid off over the past decade.
ALBANY, N.Y.—The New York State Attorney General’s office has accused the operator of the Bitfinex cryptocurrency trading platform and the issuer of the Tether currency of engaging in a cover-up to hide the apparent loss of $850 million in client and corporate funds, a new report indicates.