CUNA Calls on DoL to issue Final Rule Exempting Labor-Affiliated Credit Unions 07/30/2019 08:06 pm WASHINGTON—The Department of Labor (DOL) is being urged to issue a final rule on financial reporting for labor organizations that exempts the reporting of information on labor-affiliated credit unions.
NAFCU Wants Social Security Administration to Extend Deadline; Wants Fintech Oversight Tightened 07/30/2019 08:16 pm WASHINGTON—NAFCU's Ann Kossachev is urging the Social Security Administration (SSA) to extend the initial enrollment period – which is currently set to end today at 6 p.m. ET – for its electronic Consent Based Social Security Number Verification (eCBSV) service. Institutions could begin enrolling in the system July 17.
Worcester Credit Union Names New President/CEO 07/30/2019 08:16 pm WORCESTER, Mass.– Worcester Credit Union has named a new president and CEO. The credit union has selected Lisa Perrin to succeed long-term President/CEO Karen Duffy, who will be retiring on August 31 after leading the organization for 25 years.
Support for NCUA Plan on Public Unit, Nonmember Shares From NAFCU 07/30/2019 08:17 pm WASHINGTON—NAFCU has told NCUA it supports an agency proposal to allow federal credit unions (FCUs) to receive public unit and nonmember shares up to 50% of paid-in and unimpaired capital and surplus less any public unit and nonmember shares.
Mission Critical: Board Governance & Oversight 08/06/2019 08:00 pm As the financial services industry continues to evolve, credit union boards are becoming even more critical to the organizations they serve.
NCUA Opens Registration for Webinar on Liquidity, Interest Rate Risk 07/30/2019 08:17 pm ALEXANDRIA, Va.–NCUA has opened registration for an Aug. 14 webinar that will review how it examines for liquidity and interest-rate risks.
Dollar Associates Hosting Webinar on CFPB’s Proposed Debt Collection Rule 08/06/2019 08:01 pm BIRMINGHAM, Ala.–Dollar Associates will host a free webinar on Aug.14 titled “Understanding the Proposed New CFPB Debt Collections Rule.” The webinar is scheduled for 3:00-4:00 p.m. ET.
Bank Groups Raise Objections to Industrial Loan Co. App Filed by E-Commerce Giant 07/30/2019 08:17 pm SALT LAKE CITY– Japanese e-commerce giant Rakuten has filed an application for an industrial loan company charter in Utah. The company operates numerous businesses, including the U.S. rewards brand Ebates.
Data Breach at Desjardins Group Hits Its Former President 07/30/2019 09:03 pm MONTREAL, Quebec–Among the victims of the huge data breach among credit unions that are part of Desjardins Group–a breach suspected to be an inside job–is the former president of the organization.
CU SoCal Donates $200,000 to Organizations 08/07/2019 03:00 pm ANAHEIM HILLS, Calif.–Credit Union of Southern California (CU SoCal) donated $200,000 to 16 local organizations during the Wake Up Whittier event, Whittier Chamber of Commerce’s largest monthly networking event.
