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Matt Van Epps

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WASHINGTON—The problem of small credit unions lacking practical access to the Central Liquidity Facility (CLF) was moved back into the spotlight Tuesday as NCUA Chairman Kyle Hauptman acknowledged during a House Financial Services Committee oversight hearing that thousands of CUs remain effectively shut out of the system meant to serve as their emergency backstop.

WASHINGTON--America’s Credit Unions President/CEO Scott Simpson reiterated the industry’s people-first cooperative structure and commitment to supporting members’ unique needs in a letter sent to Sens. Elizabeth Warren (D-MA), Richard Blumenthal (D-CT) and Cory Booker (D-NJ) following their outreach to 21 credit unions regarding overdraft or courtesy pay programs.  

WASHINGTON—A growing number of credit unions are expected to report data breaches in the coming weeks as new details emerge about the ransomware attack on Marquis Software Solutions, a third-party marketing and data-management vendor serving hundreds of financial institutions, according to multiple disclosures and media reports.

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iStock-Andrii Yalanskyi