TMG: Time For Debit EMV Planning 10/14/2014 08:30 pm DES MOINES, Iowa—With two key EMV roadblocks out of the way, CUs should begin their debit card EMV migration planning process, advises Brandon Kuehl in a new white paper from The Members Group.
The Irony Of Walmart, CUs, And Checking Accounts 10/07/2014 12:59 pm LAKE FOREST, Ill.—Walmart’s entry into checking signals a new competitive period for the service, but credit union have some competitive advantages over the retailing giant, according to one analyst.
…As Police Investigate How Card Was Cloned 10/06/2014 07:46 pm BUFFALO, N.Y.—Police believe information obtained in one of the national retail store data breaches was used by two men here to obtain cash from a local store using a “cloned” ESL FCU debit card.
Another CU May File Suit Over Breach… 10/06/2014 07:48 pm BUFFALO, N.Y.—Another credit union is considering filing a lawsuit against Home Depot related to the data breach at the giant home supply chain.
ACU Concerned As Ferguson Unrest Heats Up 10/15/2014 09:37 am FERGUSON, Mo.—As civil unrest heats up again in this St. Louis suburb, one credit union near the center of much of the protest and violence is again concerned about the future.
CUNA Mutual Online Discovery Conference Open 10/06/2014 07:51 pm MADISON, Wis. – CUNA Mutual Group will host its fifth annual, day-long Discovery Conference next Wednesday, Oct. 15, in what it is describing as the “equivalent of a face-to-face conference without the expense – it’s free.”
ABA Petitions FCC To Speed FI Alerts 10/15/2014 09:37 am WASHINGTON—The American Bankers Association has filed a petition with the Federal Communications Commission asking it to remove barriers to sending time-sensitive information to customers when their accounts may be in jeopardy. The ABA is seeking a change in “outdated regulatory restrictions” that prevent banks from sending data security and fraud alerts to customers via their mobile devices.
CU OD Prices Low—And High 10/15/2014 09:37 am LAKE FOREST, Ill—Credit unions charge some of the lowest—and highest—overdraft prices in the country, according to a new OD study from Moebs $ervices.
Number Is Smaller, But CU Late Filers Persist 10/06/2014 08:07 pm ALEXANDRIA, Va.—The number of credit unions filing late 5300 Call Reports continues to drop, with 56 receiving letters from NCUA outlining civil money penalties for missing the Q2 report deadline.
Matz Offers Preview, Thoughts On RBC Proposal 10/09/2014 12:12 pm ALEXANDRIA, Va.—Before year-end credit unions can expect to see significant structural changes in NCUA’s risk-based capital proposal, including possibly removing portions related to interest rate risk and including that in a separate proposal. NCUA Chairman Debbie Matz talks to CUToday.info about the road the agency has traveled to get to the new proposal, risk-weights, the 10.5% threshold for being well-capitalized, examiner authority to set minimum capital requirements, what might lie ahead, and more.
