RANCHO CUCAMONGA, Calif.– CO-OP Financial Services said it has signed an agreement to purchase from a subsidiary of Fidelity National Information Services (FIS) its shares in Everlink Payment Services, Inc., which will give CO-OP majority ownership of the Canadian payments solutions and services provider to credit unions, banks and ISOs in Canada. The agreement is subject to contractual closing conditions.
MINNEAPOLIS, Minn.—As CUToday.info was first to report, Target and MasterCard have reached an agreement to reimburse financial institutions for costs associated with the massive 2013 data breach.
WASHINGTON—If NCUA were to change the NCUSIF assessment base from insured shares and deposits to total assets minus net worth, only 456 natural-person credit unions would see their portion of the NCUSIF assessment base increase as of the end of 2014, reports Keith Leggett.
WASHINGTON—The Consumer Financial Protection Bureau Wednesday issued a final rule aimed at improving the way that companies submit consumer credit card agreements to the CFBP.
LAS VEGAS–Recognizing that falling prices for oil and farm products are creating a “rough patch” for Dakota credit unions and their members, NCUA Chairman Debbie Matz urged CU leaders to make “appropriate adjustments,” including possible changes in underwriting.
CINCINNATI—Growing interest in leasing is causing the percentage of lease credit approvals to fall, one expert reports.
CHERRY HILL, N.J.—A new study indicates that Millennials are leading the way with prepaid card usage.
POUGHKEEPSIE, N.Y.—Hudson Valley FCU is offering a 2% APY, two-year CD to attract new members.
WASHINGTON—NASCUS and CUNA have opened registrations for the 2015 Cybersecurity Symposium Aug. 24-25 at the Grand Hyatt Denver.
CORVALLIS, Ore.—Oregon State Credit Union has broken ground for a new $18-million, LEED-certified operations center building to include a third Corvallis branch, administrative offices, back office operations and a community room.
