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LAUREL, Md.–APL FCU has named a new CEO. The credit union has selected David Woodruff to lead the $487-million organization, succeeding Jim Deegan, who has retired after 28 years with APL FCU.

WASHINGTON—While credit unions share concerns about unwanted robocalls to consumers, CUNA believes the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act (S. 151) as presently drafted would negatively impact credit union-member communications.

LONDON–The need to provide compelling digital experiences for the growing number of tech-savvy customers in banking will drive the adoption of open banking application programming interfaces (APIs), predominantly in the payments and lending areas, according to a new analysis released by GlobalData. But there are also some downsides, the analysis suggests.

ORLANDO—Two-million credit and debit card numbers have been for sale online following a data breach affecting Earl Enterprises, the parent company of Italian restaurant chain Buca di Beppo and other brands such as Earl of Sandwich and Planet Hollywood, Krebs on Security reported.

ARLINGTON, Va.—Total retail sales decreased 0.2% in February, and consumer spending could remain low this year, which could impact overall economic growth, according to one analyst.

ALEXANDRIA, Va.–Failed taxi medallion lender credit unions caused a more-than-three-quarters-of-a-billion-dollar loss to the credit union share insurance fund—now NCUA’s Office of Inspector General (OIG) has made three recommendations to correct problems that contributed to those failures.

STUDIO CITY, Calif.–More specific details around the steps a credit union CEO took to allegedly embezzle more than $40 million are included in documents filed in the U.S. District Court for the Central District of California.

STUDIO CITY, Calif.–How did the CEO of a $21-million credit union allegedly manage to steal $40 million from the CU?

STUDIO CITY, Calif.–A $21-million credit union has been liquidated here as the result of what prosecutors allege was a two-decade long embezzlement of more than $40 million.

CHICAGO–There are five things that exceptional employees love to do, and that toxic employees hate, according to one person who has shared his thoughts on the practice of “leading up.”