WASHINGTON—Two cybersecurity bills passed the House of Representatives this week, while another cyberthreat bill works its way through the Senate.
Fresh Today
ARLINGTON, Va.—NAFCU has told NCUA its revised risk-based capital proposal will stifle growth, innovation, and diversification within credit unions.
WASHINGTON—CUNA is calling on its grassroots network to help stop merchant data breaches.
ST. LOUIS—The Michigan and Georgia credit union leagues, as well as a credit union from Missouri, have now joined a nationwide class action lawsuit against Home Depot following the merchant’s massive data breach in 2014, CUNA reports.
WASHINGTON—Financial Literacy Day is today on Capitol Hill.
NEW YORK—Credit unions do not need their own digital wallet, according to one person here, as it’s more promising for CUs to focus elsewhere.
WINIPEG, Manitoba—A merger that would have created the largest credit union in this province has been scuttled after falling 25 votes short in a member vote.
ONTARIO, Calif.—CU Direct, the nation’s leading provider of lending, automotive and strategic solutions to CUs, has announced nine new partnerships in which credit unions will be implementing CU Direct’s Lending 360 Loan Origination System (LOS) to improve the processes associated with originating, underwriting, and funding consumer loan applications.
MONTPELIER, Vt.—In conjunction with Earth Day yesterday, Vermont Gov. Peter Shumlin announced the expansion of the “Heat Saver Loan program,” which is available through two credit unions and which is aimed at helping Vermonters increase the efficiency of their homes and save money on their energy bills.
MOLINE, Ill.—After leading IH Mississippi Valley Credit Union for 18 years, CEO Dennis Hall plans to retire at the end of 2015.