WASHINGTON—During the Consumer Financial Protection Bureau’s forum on checking account screening practices Wednesday, Director Richard Cordray outlined three areas the bureau will be investigating.
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WASHINGTON — At least four other major financial institutions are reporting that the same web addresses that were used to penetrate the country’s largest bank, JPMorgan Chase, were also used to attempt to break into computers at Citigroup, E*Trade Financial, HSBC and ADP.
SAN FRANCISCO—Noting that non-card fraud nearly tripled from 2012 to 2013 and resulted in total loss of $5 billion, Javelin Strategy and Research has released its 2014 Identity Safety in Banking report, which evaluates the top 50 institutions on their performance in providing consumer facing information about account security features.
ASHEVILLE, N.C.—A robbery at a branch of State Employees Credit Union here resulted in local schools being locked down.
CHARLEVOIX, Mich.—Members of the $179-million Bay Winds FCU have voted in favor of a merger with the $215-million, Traverse City, Mich.-based Members Credit Union.
WASHINGTON—The Federal Reserve Board yesterday announced the members of its Community Depository Institutions Advisory Council (CDIAC), and it includes three credit union representatives, including Micashel J. Castellana, CEO of SEFCU in Albany, N.Y., who will serve as vice president
CARMEL, Ind.—Allied Solutions said it will offer SmartVideo technology, powered by SundaySky, to its CU clients that will allow them to create videos tailored to individuals. The technology, the company said, gets “members are engaged in a way that traditional print and electronic communications simply cannot.”
NEW YORK—OneMain Financial, a unit of Citigroup that makes loans to underserved consumers and those with damaged credit, is planning a $50-million IPO as part of a spin-off.
SPOKANE, Wash.—Credit unions from Washington and Oregon gathered here at the Amplify meeting of the Northwest CU Association were told that collectively they are “one of the region’s most impactful employers, charitable contributors, and political influencers.”
LAKE FOREST, Ill.—Thrifts are beating banks and credit unions in offering weekend hours, with two-thirds of thrift institutions open on Saturday compared with a little more than half of banks and CUs.