WASHINGTON—Calling Cyber Monday sales invitations for fraudsters to steal payment card data, NAFCU again emphasized the need for Congress to pass national data security standards for merchants and retailers.
THE news
MADISON, Wis.–As CUs’ total number gets closer to dropping below 6,000 for the first time in decades, total CU membership grew by more than 3.4 million during the first three quarters of 2016, according to the latest CUNA Mutual Trends Report.
NEW YORK–A data breach has been reported by Madison Square Garden Co., which operates the famed arena of the same name, as well as other venues that include Radio City Music Hall.
DUBLIN, Ireland–Regulators and other government officials investigating the failure of Rush Credit Union here have raised numerous questions, including what happened to 15 cars the credit union supposedly awarded to contest winners.
WASHINGTON—Both the NCUA and CFPB have released their rulemaking agendas, but the fate of the latter’s plans are uncertain as President-elect Donald Trump prepares to take office in January with a new Republican-led Congress.
LAWRENCEVILLE, Ga.—While smaller cars, such as sub-compacts, have faced much higher depreciation in the last two years compared with full-size pickups, Black Book warns lenders not to heavily target trucks over the economy cars to fill the portfolio.
WASHINGTON—House Financial Services Committee Chairman Jeb Hensarling (R-TX) outlined his committee’s plans for regulatory relief for financial institutions during remarks at the Exchequer Club in Washington yesterday, NAFCU reported.
WASHINGTON–The National Retail Federation today called on Visa to stop using new EMV technology to steer debit card transactions to its own processing network, stating that the Federal Reserve has said the practice violates merchants’ legal right to competition over who will process the transactions.
MONTGOMERY, Ala.—Guardian Credit Union announced that it has reached an agreement with SouthCrest Financial Group to purchase its two Alabama offices and all related deposits and assets.
WASHINGTON–President-elect Donald Trump has indicated he has changes planned for the Dodd-Frank Act, the massive piece of legislation passed in the wake of the financial crisis that among other things created the CFPB.