NEW YORK–The president of the Florida Bankers Association blasted the credit union tax exemption in a Wall Street Journal editorial, arguing any credit union over $500 million in assets should pay corporate income taxes.
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ST. PETERSBURG, Fla.—PSCU announced that it has what it described as another “weapon” to help it predict and defend against fraud.
WASHINGTON—The Senate Banking Committee is expected to vote on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection on Aug. 23.
ALEXANDRIA, Va.—Total retail sales rose 0.5% in July. Although fewer new vehicles were sold, auto sales contributed to overall growth thanks to a record high average transaction price, said NAFCU Research Assistant Yun Cohen.
ANTIGO, Wis.–Two Wisconsin credit unions have announced plans to merge. Members of the $79-million CentralAlliance Credit Union have voted in favor of merging into the $1.5-bllion CoVantage Credit Union, Tonni Larson, CEO of CentralAlliance, told the Antigo Times.
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said it has launched COOPER Fraud Analyzer, its advanced data-driven fraud mitigation tool, into pilot testing with four participating credit unions in the CO-OP Shared Branch network.
WASHINGTON—NAFCU has added two more lawmakers to its lineup of speakers for its upcoming Congressional Caucus, Sept. 11-14 in Washington.
CUPERTINO, Calif.–Apple will launch its own car sometime between 2023-2025, according to an analyst who has a strong track record of predicting Apple product introductions.
LOMPOC, Calif.–CoastHills Credit Union said it “disputes” claims made against it and a number of board members in a lawsuit filed by its former CEO and that it plans to “vigorously” defend its reputation.
HAMPSHIRE, U.K.—More than 33 billion data records will be stolen by cybercriminals in 2023 alone, an increase of 175% over the 12 billion records expected to be compromised in 2018, resulting in a cumulative loss of over 146 billion records for the whole period, a new study finds.