WASHINGTON–John Stumpf, the chairman and CEO of Wells Fargo, is expected to be given a grilling today when he testifies before a Senate Banking Committee hearing about the bank’s creation of more than one-million fraudulent accounts.
Fresh Today
WASHINGTON–Credit unions have seen more progress on favored legislation in this Congress than in any previous Congress, according to NAFCU’s Dan Berger—but all that could roll back to the starting line yet again following November’s elections.
WASHINGTON–While it may engender strong pushback, NAFCU’s Carrie Hunt said credit unions need to give some thought to what’s happening in the world of litigation.
WASHINGTON–An official with the CFPB has asked credit unions for their help in pointing members of the military to some of the services the agency offers.
WASHINGTON–Credit unions were offered three strategies for building better infrastructure and protecting against cyber-crimes.
WASHINGTON–A couple of trends can be seen in the Suspicious Activity Reports (SARs) filed by credit unions.
WASHINGTON—CUNA has sent a letter to NCUA sharing concerns the trade association has with the Department of Defense’s Military Lending Act.
BROOKFIELD, Wis.–Fiserv has announced new advancements for Payment Fraud Manager.
HAMPSTEAD, N.C.—ClixSense, a website that offers users cash in return for completing surveys and watching ads, was breached last week, with the result being that data from millions of its users has now been put up for sale.
WASHINGTON–A new group has been formed made up of CU regulators from around the world. Credit union regulators from 30 jurisdictions have come together to form the International Credit Union Regulators’ Network (ICURN).