ARLINGTON, Va.—In advance of the Senate Judiciary Committee’s markup today of the "PATENT Act" (S.1137), NAFCU is letting committee leaders know the bill is only an important first step.
Fresh Today
SAN JOSE, Calif.—Another example of how crooks will turn to the path of least resistance, U.S. ATM card fraud is rising markedly as retailers attempt to tighten security at POS.
RICHMOND, Va.—Another sign that crooks may be increasing their ATM card skimming efforts, Virginia Credit Union reports it is reissuing plastic and handing out refunds as a result of local skimming attacks.
ALEXANDRIA, Va.–At the same time Treasury has in its sights relationships between credit unions and money service businesses (MSBs), NCUA has announced it will be hosting a webinar on the subject. Titled “Remittances and Other Money Transfer Services,” it is scheduled for Wednesday, June 17, beginning at 2 p.m. Eastern.
LITTLE ROCK, Ark.—Arkansas has become the latest state to permit prize-linked savings accounts.
WASHINGTON—With much speculation around the future of overdraft services and all its related income as the CFPB puts the product in its sights, CUNA is calling on the agency to move cautiously and recognize that many members have indicated they strongly support overdraft programs.
SAN FRANCISCO—A mobile payments platform, which allows guests to pay even before they get the check, is expanding among restaurants.
ARLINGTON, Va.—NAFCU Service Corp and MasterCard will host a webinar on “Loyalty Rewards and the Member Experience” on Tuesday June 16 from 2-3 p.m. ET.
WASHINGTON—Six financial services trade groups, including CUNA and NAFCU, have sent a letter to congressional leadership expressing “grave concern” over what the groups called an “onerous revenue provision” included in the Trade Preferences Extension Act (H.R. 1295). That bill passed the Senate on May 14.
KATY, Texas—First Service Credit Union has opened its first branch here as part of an ambitious goal over the next three years of growing by 47%.