WASHINGTON–A federal grand jury has charged four members of the Chinese People's Liberation Army with being behind the hack of Equifax, one of the largest thefts of personal data and trade secrets in history.
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ARLINGTON, Va.—With 225,000 jobs gained last month, NAFCU Chief Economist and Vice President of Research Curt Long said the report was "a good one," noting "sturdy job gains and rising rates of labor force participation."
WASHINGTON—The Federal Reserve has released updated hypothetical scenarios to use in 2020 stress test exercises. The scenarios are used by the NCUA for credit union stress tests, and there are some differences worth paying attention to, according to NAFCU Chief Economist and Vice President of Research Curt Long.
WASHINGTON–In conjunction with the beginning of presidential primary season, CUNA has launched “Credit Unions Vote,” a campaign focused on getting credit union members to vote in the November elections.
WASHINGTON–Representatives of NAFCU will be meeting today with the new head of the Small Business Administration, Jovita Carranza.
RADCLIFFE, Ky.–Fort Knox Federal Credit Union is changing its name. The $1.66-billion FKFCU said it will become Abound Credit Union effective Feb. 18.
MADISON, Wis.– CUES has released The State of Credit Union Governance, 2020: Credit Union Governance and Leadership Trends in partnership with Quantum Governance, LC3.
BROOKFIELD, Wis.– Fiserv has published a whitepaper it said outlines how financial institutions that take a strategic approach to open banking can enable competitive differentiation, better customer experiences and accelerate growth.
WASHINGTON—While credit unions support efforts to rein in high-cost loan products that aren’t consumer-friendly, CUNA is warning against overly prescriptive rules that could hamper availability of safe and affordable credit union products.
WASHINGTON—A bipartisan commission at the Consumer Financial Protection Bureau is essential to preserving its independence, CUNA wrote to the House Financial Services Committee.