DENVER—First-party fraud is growing rapidly, says Velera, which shared data during VeleraLIVE here that reveals this crime a growing concern among credit unions.
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WASHINGTON—The OCC said it intends to notify financial institutions if their data was compromised in a recent security breach affecting the agency’s email systems, the OCC stated in a letter.
DENVER-- Juniper Payments, a Velera company, has added a powerful new addition to its Payments Hub: an embedded artificial intelligence (AI)-driven fraud prevention engine built to meet the needs of modern financial institutions and encourage broader adoption of instant payments.
WASHINGTON—Calling CUs “growth obsessed,” Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey is again calling for credit unions above $1 billion in assets to be taxed.
SALEM, Ore.—The $1.4-billion Maps CU here has agreed to acquire the $342-million Lewis & Clark Bank, based in based on Oregon City, Ore., the credit union announced.
DENVER—Velera President and CEO Chuck Fagan kicked off the first full day of VeleraLIVE by sharing an important fact with attendees at the annual conference: The combined PSCU/Co-Op organization now supports over 4,000 financial institutions and 126 million credit union members.
WASHINGTON—The Financial Crimes Enforcement Network has renewed its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate, FinCEN announced.
WASHINGTON—To help facilitate recovery efforts from wildfires and straight-line wind damage in Los Angeles County this year, four federal financial institution regulatory agencies—the Federal Reserve, NCUA, FDIC and the OCC—Tuesday temporarily paused certain appraisal requirements for real estate-related transactions, the agencies stated in a joint release.
WASHINGTON—The Consumer Financial Protection Bureau has reached an agreement with plaintiffs to settle a lawsuit over its rule on credit card late fees.
DENVER—Velera has introduced a new, tiered fraud service model approach to meet credit unions where they are in their risk mitigation journey, providing them with tailored offerings to accommodate individual needs.