WASHINGTON—A U.S. regulatory panel is calling for better monitoring of risks created by financial innovation, warning that “fintech” and virtual currencies such as Bitcoin threaten to disrupt the traditional financial services industry.
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SAN FRANCISCO–Malicious mobile apps are back on the rise, impersonating brands and fooling consumers, according to digital threat management company RiskIQ.
WASHINGTON–The credit union tax exemption may have survived the just-passed Tax Cuts and Jobs Act, but it does include a new tax on the compensation paid certain CU and CUSO executives.
WASHINGTON– While overdraft programs are often marketed as a service that financial institutions provide to cover occasional budgeting errors, in practice they are not well understood by consumers and often fail to meet their needs, according to a new report.
ALEXANDRIA, Va.– Federally insured credit unions across the country saw loans grow at a faster rate in the third quarter than a year earlier–led by CUs in the western U.S.– while assets and shares grew more slowly, according to state-level data released by NCUA.
ST. LOUIS—The Federal Reserve Bank of St. Louis has been asked by NAFCU to develop and adopt guidelines related to its Borrower-in-Custody (BIC) program in order to allow electronic signatures on auto loans as pledged collateral.
RALEIGH, N.C. –NCUA has granted a federal charter and Share Insurance Fund coverage to Civic Federal Credit Union here.
MUSKEGO, Wis.– Corporate Central Credit Union has announced it will pay member credit unions a 7% dividend on all perpetual contributed capital (PCC) balances for the month of December.
BEIJING, China—A senior official of China's securities watchdog has called for improved laws on capital markets as rapidly developing financial technology, or fintech, is posing challenges to traditional financial supervision.
HAMPDEN, Maine–As the holidays approach, Maine Credit Unions’ Campaign for Ending Hunger joined with the Good Shepherd Food Bank to celebrate the 12th anniversary of Maine’s first Food Mobile.