BISMARCK, N.D.–Credit unions jointly hosted Richard Cordray, director of the Consumer Financial Protection Bureau, and Sen. Heidi Heitkamp as part of a discussion here on regulatory burden.
Fresh Today
MADISON, Wis.—Visa said that reports of a new chip card threat—stealing the chip card data and then copying it over to mag stripe—can be thwarted by issuers.
NEW YORK—The number of subprime borrowers who are obtaining a new credit card is growing at a significant rate, according to a new report.
WASHINGTON—The White House Commission on Enhancing National Cybersecurity is asking for public feedback about cybersecurity trends and promising approaches to overcoming cybersecurity obstacles. NAFCU said it is preparing a response to highlight credit unions’ cybersecurity concerns.
McCLEAN, Va.–Joe Brancucci, the former president and CEO of GTE Financial Credit Union in Tampa, Fla., has been named as the first president of CURateReset.
HAUPPAUGE, N.Y.—GrooveCar reports that its CU Xpress Lease program is up 40% year over year.
KANSAS CITY, Mo.–The $2.2-billion CommunityAmerica Credit Union said it has entered into a sponsorship agreement with the Kansas City Chiefs of the National Football League.
PRINCETON JUNCTION, N.J.–The U.S. Payments Forum, which was previously known as the EMV Migration Forum, has updated its guide on the minimum requirements for chip deployment, including changes to incorporate requirements for the recently announced faster EMV solutions from American Express, Discover, MasterCard and Visa.
WASHINGTON–Credit Union Student Choice, a provider of higher education financing solutions to America’s credit unions, announced that Tim Mislanski has joined its board.
ST. PETERSBURG, Fla. – PSCU has announced that 11 of its owner credit unions have signed long-term contract renewals for the CUSO’s credit and debit processing services.