Fresh Today

Fresh Today

WASHINGTON—The Financial Crimes Enforcement Network's evaluations of the regulatory impact of its proposal to enhance customer due diligence requirements fail to consider the true costs and effects—and overstate the benefits, according to a joint letter signed by both credit union and bank trade groups.

TRAVERSE CITY, Mich.–Half of all organizations contacted in a new survey indicated they have had a data breach involving the loss or theft of more than 1,000 records containing sensitive or confidential information in the past two years, and most of those companies indicated they lack confidence they can prevent future breaches.

WASHINGTON–After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it, according to new analysis by the Pew Research Center.

ALEXANDRIA, Va.—NCUA confirmed that Chairman Debbie Matz plans to ask the board to vote at the January 2016 open board meeting to publish the current Overhead Transfer Rate (OTR) methodology and operating fee methodology in the Federal Register for public comment.