HOUSTON—A new survey has found that by year-end 2015, almost half (45%) of issuers had begun issuing chip debit cards, a figure that is much lower than the 90% of issuers that indicated in the same study one year earlier that they expected to have chip cards in the market by that date. Nevertheless, chip debit transactions have been growing at triple digit rates, while skimming has contributed to a surge in fraud.
LONDON—In the not-too-distant future people will be able to bend and twist their phones into different shapes and even different types of devices, say analysts who are calling the prototype a cross between a Rubik’s Cube and a smartphone.
WASHINGTON – Democracy Federal Credit Union has launched a blog it says is about more than just finances.
NORWALK, Conn.–A company that operates 20 hotels across a number of well-known brands has become the latest to report a data breach.
BATON ROUGE, La.–At least 20 credit unions were closed here yesterday and will be today as the result of flooding and heavy rains in Louisiana.
ARLINGTON, Va.—NCUA should prioritize reducing credit unions’ regulatory burden in its planned Call Report modernization efforts, NAFCU Senior Regulatory Affairs Counsel Michael Emancipator told the agency.
WASHINGTON–Using suggestions and feedback from credit unions, CUNA has sent a comment letter to NCUA as part of its request of input on the necessity and accuracy of the information it collects. The letter includes recommendations for enhancing the quality, utility and clarity of the collected information, according to the trade group.
WASHINGTON–While it has been a relatively low-profile issue to date in the presidential campaign, Democratic vice presidential nominee Tim Kaine has highlighted housing in several recent remarks.
NEW YORK—One analyst is projecting NCUSIF losses from taxi medallion CUs will range from $7.4 million—base-case scenario—to $400 million worst case.
MADISON, Wis.—Kelly Marshall, CEO of Summerland Credit Union in British Columbia, Canada, has accepted an appointment to serve on the CUES board of directors.
