Adjusting To Crooks' New Tactics 07/01/2019 08:01 pm DES MOINES, Iowa—It’s time more credit unions change the way they train staff to defend against cyber threats—and one area needing greater attention is mobile device usage, asserts one security expert.
CUs' CD Rates Twice What Banks Are Paying 07/08/2019 07:56 pm LAKE FOREST, Ill.—Reports that deposit rates nationally are declining are accurate–but it’s a trend being driven largely by banks, as credit unions have been raising rates to grab share, says one economist.
Hawaii State Intro’s Grant Program for Small Businesses 07/08/2019 08:00 pm HONOLULU–Hawaii State FCU has launched a new program that will offer grants to small businesses looking to grow or expand their company.
FASB Plans Meeting to Discuss Reduction in Effective Dates For CECL 07/01/2019 07:59 pm WASHINGTON—The Financial Accounting Standards Board (FASB) plans to meet next month to discuss whether to reduce the number of effective dates for the current expected credit loss accounting rule (CECL), with reports suggesting the board may push back the consolidated date to 2023.
CFPB Urged to Preserve CUs’ Ability to Provide Remittance Services 07/01/2019 07:59 pm WASHINGTON—The CFPB is being urged to preserve credit unions' ability to provide remittance services by reinstating the temporary exception under equivalent, statutory authority.
As Congress Heads Home for July 4, NAFCU Wants CUs to Light Fireworks Around NDAA 07/01/2019 07:59 pm WASHINGTON—As members of Congress return to their home districts ahead of the July 4 holiday, NAFCU is urging credit unions – especially defense credit unions – to connect with their lawmakers.
House to Hold Hearing on Facebook’s Proposed Cryptocurrency 07/01/2019 08:00 pm WASHINGTON—The House Financial Services Committee will be holding a hearing on Facebook’s proposed virtual currency Libra on July 17.
NAFCU: ABA Request ‘Nothing More Than Intimidation Tactic’ 07/01/2019 08:00 pm WASHINGTON—Following a letter from the American Bankers Association's (ABA) to NCUA requesting an assessment of credit unions and their commitment to underserved populations, NAFCU is urging the agency to remain focused on priorities.
Here’s What 5G Will Mean for Financial Services. The First 2 G’s? Get Going 07/01/2019 08:04 pm NEW YORK—It might be a few years until everyone is using global fifth-generation cellular wireless (5G) technology, but experts at Deloitte are predicting the new iteration of wireless could make an impact by the end of this year, especially in banking.
7 CUs Recognized by America Saves for Savings Excellence 07/08/2019 08:00 pm WASHINGTON–Seven credit unions are among 18 financial institutions that have been recognized by America Saves as recipients of its 2019 Designation of Savings Excellence awards.
