OMAHA, Neb.—Less than 40% of retailers can currently process chip cards, according to new reports.
Fresh Today
NOTTINGHAM, U.K.—Young professionals who rent were hit with the biggest surge in identity theft during 2015, a new study reveals.
SCOTTSDALE, Ariz.–Since 2005 there has been a 397% increase in data exposure incidents across financial services, business, education, government and healthcare sectors, according to the Identity Theft Resource Center (ITRC).
WASHINGTON—The National Labor Relations Board has ruled against TruStone Financial Credit Union in a dispute over the CU’s decision to close two branch offices that were staffed by unionized employees, and then to reopen branches nearby with non-union employees.
ARLINGTON, Va.–Saying the move sets a “dangerous precedent,” NAFCU is stating its opposition to the Federal Housing Finance Administration announcing that Fannie Mae and Freddie Mac will offer a one-time principal reduction to an estimated 33,000 seriously delinquent, underwater borrowers.
IRVINE, Calif.—The foreclosure inventory declined by 23.9% and completed foreclosures declined by 10% compared with February 2015, according to the February 2016 National Foreclosure Report from CoreLogic.
ALEXANDRIA, Va. –NCUA said it will receive $69.8 million from UBS in damages and interest for claims arising from losses to the former Members United and Southwest corporate credit unions related to purchases of residential mortgage-backed securities.
ALEXANDRIA, Va.—Steve Bosack, the chief of staff to NCUA Chairman Debbie Matz, will become a Special Advisor to Pentagon FCU CEO James Schenck effective May 23. Matz is stepping down as chairman of NCUA on April 30.
NEW YORK—One analyst if forecasting even rougher waters ahead credit unions in New York City and Chicago that make taxi medallion loans.
ATLANTA–FMSI has released its 2016 Retail Branch Lobby Study, including a compilation of detailed lobby performance statistics of more than 780,000 Q3 2015 interactions from financial institutions all across North America