AUSTIN, Texas—Texas State Rep. Richard Raymond (D-Laredo) has introduced a bill that seeks to address retailer data breaches by making it illegal for a business or its service provider to retain sensitive information on credit, debit, or prepaid cards after the transaction is complete or, in the case of PIN debit transactions, more than 48 hours after authorization.
Fresh Today
NEWPORT BEACH, Calif.—The National Association of Credit Union Service Organizations has told NCUA that it remains concerned with the “overall regulatory approach” being taken by the agency with its revised risk-based capital proposal.
WASHINGTON—CUNA has reminded the CFPB that while it may be seeking to provide assistance to CUs with changes to TILA/RESPA rules, any changes create a burden on credit unions as the result of the need for training, revisions to various materials, and more.
ECORSE, Mich.—Robert LaPalme has been named as the new president/CEO of Downriver Community FCU.
CHICAGO—BMO Harris Bank here has launched a cardless ATM network that will allow customers to withdraw cash by using their smartphones.
ARLINGTON, Va.—NAFCU Service Corp. is inviting credit unions to take part in its 9th annual Executive Compensation and Benefits Survey.
KALAMAZOO, Mich.—Consumers Credit Union is building a new corporate headquarters here in the Groves Center.
ARLINGTON, Va.—NAFCU has promoted Dan O’Brien to director of political affairs.
WASHINGTON—CU Voices, launched to drive additional comment letters to NCUA on its revised risk-based capital proposal, has now generated 262 such letters from 30 organizations.
ALEXANDRIA, Va.—NCUA, which has had to deal with phishing scams aimed at credit unions and their members, is now dealing with a new threat: a phishing scam aimed at itself.