ALEXANDRIA, Va.–Despite some loss of momentum in the third quarter, forecasters expect the U.S. economy to grow moderately over the next 18 months and for the unemployment rate to continue to decline, according to a new Economic Update video released today by the National Credit Union Administration.
EL SEGUNDO, Calif.–Xceed Financial Credit Union has launched a new CUSO called Global Enterprise Resource Group, or Global, that will offer what it said is a “one-stop shop” for CUs to meet portfolio goals and improve balance sheets.
WASHINGTON—NAFCU, CUNA and two other financial trade groups have sent a letter to Senate Majority Leader Mitch McConnell and Minority Leader Harry Reid urging them to strongly support the Senate’s passage of S. 754, the “Cybersecurity Information Sharing Act (CISA).”
TITUSVILLE Penn.—Lisa Hauptman, a former executive at Oil Country Federal Credit Union here, is facing charges of embezzlement in U.S District Court.
ALBUQUERQUE, N.M.—A CU member helped police apprehend a man who robbed a branch of Santa Fe Credit Union here.
TALLAHASSEE, FLA./ALBANY, N.Y.—The League of Southeastern Credit Unions & Affiliates and the New York Credit Union Association announced today that they signed a letter of intent to combine many of their operations into a jointly owned subsidiary that will house all of their back office functions.
WASHINGTON–Credit unions will be watching with interest several hearings on Capitol Hill this week having to do with regulatory burden, NCUA’s budget, and requirements that agencies take into account the operational risk of CUs when making new rules.
WASHINGTON–Representatives of two CUNA subcommittees met with the Consumer Financial Protection Bureau to discuss any potential overdraft rules the CFPB might propose.
SANTA CLARA, Calif.—How much does it cost to buy the personal financial information of your members? A new report offers answers on how stolen data is packaged for sale and how much it garners on the black market.
PURCHASE, N.Y.–MasterCard announced Monday it will integrate a tokenized checkout experience within MasterPass, leveraging the MasterCard Digital Enablement Service (MDES).
