NEW YORK–As the economic stresses created by the coronavirus pandemic continue, credit unions and businesses are being warned cyber-criminals will continue to seek to exploit fear of financial insecurity as part of phishing campaigns, and is offering seven ways IT teams can help protect their organizations, especially with more employees working at home.
ALEXANDRIA, Va.–Two consumer groups and one credit union have sent a letter to the NCUA board saying the Interim Final Rule on Overdraft Policy that was tabled during the May board meeting fails to meet the needs of members, even though it is “desperately” needed, and states the overdraft practices of many CUs is “detrimental” to members.
WASHINGTON—The Small Business Administration (SBA) has released an interim final rule (IFR) to make revisions that are consistent with the recently enacted Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010).
WASHINGTON—During markup last week of the National Defense Authorization Act (NDAA) for fiscal year 2021, a Senate summary of the Act reveals the banking industry is again seeking a provision that would require the Department of Defense to treat banks similar to credit unions when it comes to leases on military bases.
LAWRENCEVILLE, Ga.—The used vehicle market appears to be stabilizing—for now.
MEDFORD, Ore.–Two Oregon credit unions have announced plans to merge.
MADISON, Wis.–CUNA Mutual Group will host a webinar titled, “Moving Forward Forum: Insights and Strategies for the CU New Frontier,” on June 25.
OGDEN, Utah–Vickie van der Have has announced her retirement as CEO of Ascent Credit Union effective July 1. The credit union has named EVP Brock R. Mortensen to succeed van der Have.
WASHINGTON–The FBI has issued a warning that cybercriminals and fraudsters are increasingly targeting mobile banking apps with malware as part of efforts to steal credentials and conduct account takeover attacks.
NEW YORK–Ransomware attacks against banks and credit unions during the first quarter of this year saw a “particular spike” over the prior quarter, according to a new analysis released by Beazley Breach Response (BBR) Services.
