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WASHINGTON–Since the EMV liability shift, delays by the card industry have left thousands of new chip readers unused and consumers with far less improvement in security than what was sought by merchants, according to the National Retail Federation.

WASHINGTON–Mortgage volume has declined slightly, with some analysts saying it’s the result of consumers waiting for rates to decline even further.

MUSKEGO, Wis.–While it will add to the average credit union’s workload, NCUA’s new interest rate risk metric is a positive step, insists one analyst who sees the guidance providing regulatory certainty and consistency.

NEW YORK–Goldman Sachs has released more details around its new foray into online consumer lending.

WASHINGTON—House leaders continue to be urged by both credit union trade organizations to delay the Labor Department’s overtime rule so businesses will have more time to comply.
One pending piece of legislation, HR 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act, would delay the current rule’s implementation deadline of Dec. 1, pushing it to June 1, 2017.

HUTCHINSON, Kan.–The $274-million Heartland Credit Union here has named its new president/CEO.

WASHINGTON–Computer security expert Brian Krebs is warning that ransomware attacks, especially against financial services firms, are going to become even nastier and specific.

ATLANTA—Georgia Credit Union Affiliates has been named one of the state’s top Business or Trade Associations, landing at No. 8 in James Magazine’s October “Top Lobbyist” issue.

CHICAGO—Illinois Department of Financial and Professional Regulation (IDFPR) Secretary Bryan A. Schneider announced that its Credit Union Division has received the certificate of accreditation from the National Association of State Credit Union Supervisors (NASCUS).

WASHINGTON—The Federal Financial Institutions Examination Council will host two webinars for financial institutions in October in recognition of National Cybersecurity Awareness Month.