WASHINGTON—Calling it the “most comprehensive survey” ever done on the subject, the FDIC released the results its 2013 National Survey of Unbanked and Underbanked Households.
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WASHINGTON—Service members in the military need more information about their financial accounts, especially the terms and conditions around checking accounts and overdraft programs, from both banks and credit unions that operate on military installations, according to a new report from The Pew Charitable Trusts.
IRVINE, Calif.—Even though mortgage volume has slowed, mortgage fraud has actually increased, according to one new analysis.
ARLINGTON, Va.—NAFCU has sent a comment letter to the Federal Housing Finance Agency over its proposed rule regarding Enterprise Housing Goals for the years 2015-2017.
ONTARIO, Calif.—CU Direct, a provider of lending, automotive and strategic solutions, has enhanced its online auto shopping program, CUDL AutoSMART
NEW YORK—The growing number of high-profile data breaches has now made cyber-risk one of the top five concerns among financial institutions worldwide, a new survey reports.
NEW YORK—The growing number of high-profile data breaches has now made cyber-risk one of the top five concerns among financial institutions worldwide, a new survey reports.
A study by the Depository Trust & Clearing Corporation (DTCC) shows a record 84% of respondents in DTCC’sSystemic Risk Barometer identified cyber-risk as one of their top five concerns, an increase of 25 points since the last survey was conducted in March 2014.
Thirty-three percent of respondents, as well, ranked cyber-attacks as the number one systemic risk to the broader economy, up from 24% from March 2014.
“No institution – large or small, public or private – is immune to a potential cyber-attack,” said Mark Clancy, DTCC corporate information security officer. “All of us need to become agile in response to these rapidly evolving threats by being able to share information about attackers’ activities between multiple stakeholders and shifting the model from individual institution’s static defenses to dynamic community responses. This shift requires both the maturation of operational capabilities and public policy frameworks to be successful.”
DTCC has issued a white paper, Cyber-Risk: A Global Systemic Threat, that delivers recommendations to strengthen resiliency from cyber-attacks.
ST. PAUL, Minn.—The Minnesota Credit Union Network said it has now collected nearly 600 stories from credit union members across the state as part of its “Why I Love My Credit Union” video campaign.
MADISON, Wis.—Sponsorships and tickets are now available for the 27th annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards.
ORLANDO, Fla.—Fairwinds Credit Union is poised to announce a sponsorship deal with the expansion team here that will be a part of Major League Soccer.
ATLANTA—Although most online fraudsters go uncaught and unpunished, one hacker has been sentenced to 11 years in prison.