New York Latest State to Require Businesses to Secure Private Information 08/12/2019 07:49 pm ALBANY, N.Y.—New York is the latest state to adopt a law that requires businesses that collect private information on its residents to implement reasonable cybersecurity safeguards to protect that information.
CU For Kids Northwest Classic Raises $1.5 Million for CMN 08/12/2019 07:50 pm HILLSBORO, Ore.–The Credit Unions for Kids Northwest Classic, organized by First Tech FCU and others, raised more than $1.5 million to support Credit Unions for Kids, benefiting six Children’s Miracle Network Hospitals across California, Colorado, Oregon and Washington.
Wells Fargo Hit With Another Discrimination Claim 08/01/2019 08:05 pm SAN FRANCISCO—Wells Fargo has been hit with another claim of discrimination, this time by a U.S. immigrant who was denied an auto loan and who is alleging the troubled bank is withholding credit from migrants who live and work legally in the United States under the DACA program.
CFPB Report Finds Some Consumers Complaining About Complaints 08/12/2019 07:50 pm WASHINGTON–The Consumer Financial Protection Bureau has issued a new report noting some consumers have expressed concern over its practice of forwarding complaints received from other federal financial regulatory agencies on to the companies being complained about. The CFPB said the practice is just one of its internal practices.
E-Commerce Transactions Surge 24%; Net Debit Fraud Losses Decline 08/01/2019 08:05 pm HOUSTON– E-commerce and other digital transactions grew nearly 24% year-over-year – more than five times faster than debit transactions initiated with a physical card, according to new findings.
CUNA Updates Its MLA Card Fee Spreadsheet for Q1 08/01/2019 08:05 pm WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019. The updated resource can be found in the CUNA Compliance Community’s “Compliance Resources” tab, and under the “Resources” tab in CUNA’s MLA e-Guide.
CU Solutions Group Acquires MemberXP 08/01/2019 08:05 pm LIVONIA, Mich.–CU Solutions Group (CUSG), a CUSO majority-owned by the Michigan Credit Union League, has acquired research firm MemberXP.
They Really Are Nicer in Canada: Bank Forgives Card Debt 08/12/2019 07:51 pm NEW YORK—Some Canadian consumers have had their credit card debt erased by one bank. Chase Bank says it is forgiving all outstanding debt owed by users of its two Canadian credit cards as it exits the market.
NAFCU Makes Contribution to AACUC, Pete Crear Scholarship Fund in Honor of Smith 08/12/2019 07:51 pm ARLINGTON, Va.—NAFCU has made a donation to the African-American Credit Union Coalition’s Pete Crear Scholarship Fund in honor of Maurice Smith.
Mergers Announced in Michigan, Connecticut 08/01/2019 08:06 pm WATERFORD, Mich.–Separate mergers have been announced in Michigan and Connecticut.
