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.
Fresh Today
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.
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.
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–Several federal banking agencies have proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations.
ALEXANDRIA, Va. – Online registration is now open for an April 24 webinar discussing programs and initiatives NCUA’s Office of Credit Union Resources and Expansion (CURE) has planned for 2019.
MARHANETS, Ukraine—The World Council of Credit Unions (WOCCU) is reporting it has added a sixth Ukrainian credit union to its Credit for Agriculture Producers (CAP) Project pilot program for strengthening credit unions in the country. WOCCU said it has signed a Memorandum of Cooperation with Yednannya cherez Pryodnyi Zakon (Unity through Law of Nature), a credit union based in Marhanets, Ukraine.
SAN DIEGO–Mitchell Stankovic & Associates has announced a 2019 slate of its “Underground Collision” conferences.
NEW YORK—Big banks continue to respond to new competition from fintechs, the latest being Citigroup, which has announced its plans to develop its own consumer-payments platform that would allow payments from many of the world’s most popular digital wallets.
WASHINGTON–Credit unions have been pushing Congress to clarify the Telephone Consumer Protection Act (TCPA) and create exemptions for CUs while punishing violators, especially robocallers.