THE news

ALEXANDRIA, Va.—The NCUA board Friday proposed a rule that would drop the overhead transfer rate (OTR) to 60% from 67.7%, and include new OTR calculation methodology the agency believes is simpler.

KEARNEY, Neb.—The Buckle Inc., a clothier that operates more than 450 stores in 44 U.S. states, has disclosed its retail locations were hit by malicious software designed to steal customer credit card data, Krebs on Security reported.

WASHINGTON–Credit unions will want to continue to offer programs and services for immigrants and new citizens, with the Pew Research Center releasing a new study showing one-fifth of the world’s immigrant populations lives in the U.S.