Early Holiday Spending Data Show Shift to E-Channels 12/05/2019 08:03 pm SAN JOSE, Calif.—The 2019 holiday season continued the shift to shopping on the web as Black Friday numbers surged to a record $7.4 billion in online sales, according to a report from Adobe Analytics.
How is This Merger In the Members' Best interest? 12/08/2019 07:59 pm On Oct. 23, 2019, the chair of Schools Financial Credit Union sent a letter to all members saying the board and management had decided to merger the $2.1 billion Sacramento-based credit union with the $16.1-billion SchoolsFirst FCU in Orange County.
Retailers’ Study Says Card Industry Has Failed to Establish Security Standards, Calls For Neutral Third Party Oversight 12/08/2019 04:44 pm WASHINGTON– A new study conducted for the Secure Payments Partnership coalition, which is made up of retailers, shows that the U.S. credit card industry “has failed to establish adequate security standards and that a neutral third party should be put in charge,” according to the National Retail Federation.
With Deadline Approaching, NAFCU Raises Concerns Over California’s Privacy Act 12/08/2019 04:43 pm SACRAMENTO, Calif.—In a letter to California Attorney General Xavier Becerra, NAFCU has outlined a number of concerns it has regarding the California Consumer Privacy Act (CCPA), which is set to take effect Jan. 1., 2020.
Analysis of SARs Filing Shows Increased Threats to Elder Americans 12/08/2019 04:44 pm WASHINGTON—Increasing financial threats to elder Americans from both domestic and foreign actors can be seen in the recent increase in suspicious activity report (SAR) filings, according to an analysis of Bank Secrecy Act data over the last six years performed by the Financial Crimes Enforcement Network (FinCEN).
Risk-Based Capital, Budget on Agenda For This Week’s NCUA Board Meeting 12/08/2019 04:46 pm ALEXANDRIA, Va.—The NCUA board will consider a final risk-based capital rule, the agency’s 2020-21 budget and will receive a briefing on the 2020 share insurance fund Normal Operating Level (NOL) at its Dec. 12 meeting
Vibrant CU Partners With CASI 12/09/2019 10:30 am MOLINE, Ill.–Vibrant Credit Union has partnered with CASI in Davenport, Iowa to provide financial services to CASI members on a weekly basis.
LOC FCU Names New President/CEO 12/08/2019 07:44 pm FARMINGTON, Mich.–LOC Federal Credit Union has named a new president and CEO. The $226-million CU has selected Stephen Groch to lead the organization effective in February of 2020.
