MONTREAL, Canada–The massive 2018 data breach last year at Desjardins credit unions has turned out to be bigger than originally thought, affecting all 4.2 million of its members, according to the organization.
Fresh Today
WASHINGTON–In what had been a relatively quiet year for bank failures, a rash of bank closures were announced recently.
LANSING, Mich.–Banks and credit unions in Michigan could be eligible to provide Secretary of State services under legislation introduced in the Michigan House.
SAN DIEGO–Another open job position has been added to CUToday.info’s The Gig. The latest position for which a credit union is seeking a candidate was posted by Mission FCU in San Diego, which is seeking a vice president of card services.
SAGINAW, Mich.–Saginaw Medical Federal Credit Union announced plans to change its name and brand identity. Its new name is Health Advantage Credit Union.
NAPERVILLE, Ill.–Balance Sheet Solutions, a wholly owned CUSO of Alloya Corporate FCU, is being rebranded. The 17-year-old company that offers investment solutions for credit unions of all sizes across the country will be renamed Alloya Solutions, effective Jan. 1.
AUSTIN, Texas–Led by the Texas Attorney General’s office, 11 states have filed a friend-of-the-court brief with the United States Supreme Court in a case challenging the constitutionality of the Consumer Financial Protection Bureau.
ST. PETERSBURG, Fla.–PSCU said it has selected Lean Industries to deliver an “optimized disputes-management platform” to help meet the evolving needs of its credit unions and their members.
DULUTH, Ga.—Even as CUs have been given more time to comply with CECL, the CFO of a credit union that has already adopted FASB’s current expected credit loss standard (CECL) called the switch easy, regulators helpful and the benefits immediate, according to one new report.
ATLANTA–Fraud targeting the U.S. financial services and lending sectors continues to rise, with fraudsters targeting a broader set of firms than ever before, according to the latest 2019 True Cost of Fraud report from LexisNexis.