ST. PETERSBURG, Fla.–Since the EMV liability shift on Oct. 1, 2015, PSCU is reporting it has seen a 20% reduction in fraud that it is attributing to the implementation of EMV technology.
Fresh Today
WASHINGTON—Contributions to CUNA’s Credit Union Legislative Action Council (CULAC) exceeded $5 million in 2106, the trade association reported.
WASHINGTON—CUNA has formally kicked off its Campaign for Common-Sense Regulation, a CUNA/league effort to drive CU industry support to eliminate excessive regulations on credit unions.
EDINBORO, Scotland–Marlene Shiels, well-known to many in the international credit union community, has been awarded the Order of the British Empire. Shiels, who is CEO of Capital Credit Union, was selected for her work in financial services and financial inclusion.
JACKSONVILLE—Charges have been filed here against a man accused of taking hostages during a robbery attempt of a credit union here, including putting a gun to the back of the head of one of the hostages.
TYSONS CORNER, Va.—PenFed Credit Union said it worked over the New Year’s weekend to complete its merger with the $102-million Energy FCU in Rockville, Md.
WASHINGTON—Pending home sales dipped during November to their lowest level in nearly a year due largely to the increase in mortgage rates and an insufficient inventory of new homes, according to the National Association of Realtors.
MCLEAN, Va.—Freddie Mac said its Primary Mortgage Market Survey shows average fixed mortgage rates moved higher for the ninth consecutive week.
WASHINGTON–Will 2017 be the year marijuana-related businesses aren’t burying barrels of cash like something out of Breaking Bad?
WASHINGTON–Since the financial crisis of 2007-08, the world’s biggest banks have agreed to pay close to $60 billion in fines to the U.S. Justice Deptartment alone, largely for creating and selling toxic mortgage-backed investments, according to CNN Money.