WASHINGTON–More than nine out of 10 small banks are likely to pay less for deposit insurance beginning in the current quarter, according to the Federal Deposit Insurance Corporation.
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WASHINGTON–Debit card interchange and fee income comprised 30.2% of credit unions’ non-interest income in 2016, according to Callahan & Associates Non-Interest Income Survey.
LA HULPE, Belgium–SWIFT, the messaging network that connects the world's banks, is warning that it has identified new hacks targeting its member institutions and is urging those institutions to improve their security and prepare for “ongoing attacks.”
ALEXANDRIA, Va.–NCUA has issued five notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.
WAXHAW, N.C.—Two crooks who attempted to use fake credit union checks to buy a $600,000 home and cars but were caught, in part, because they misspelled “Union” on the phony CU paper.
MADISON, Wis.–Sixteen credit union executives have been accepted to Filene i3, a program aimed at fostering the development of new ideas and innovations for credit unions.
WASHINGTON—The CFPB’s latest consumer complaint snapshot shows that financial institution customers and members continue to experience problems managing their accounts.
TORONTO—Canada’s credit unions have ranked credit unions first in overall Customer Service Excellence and Branch Service Excellence for the 12th consecutive year – among all financial institutions, according to the annual 2016 Ipsos Best Banking Awards.
ARLINGTON, Va.–The Better Business Bureau has released a list of the Top 10 scams of 2015, nearly all of which involve either directly stealing money or getting access to a victim’s financial information.
LOS ANGELES–Predictions of a housing bubble continue, although not for the country overall.