WINNIPEG, Manitoba—Numerous credit union member accounts have apparently been drained by a card-skimming scam, including a local politician whose tweet is credited with bringing it to public attention.
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SAN FRANCISCO—Despite claims that “passwords are dead,” this method of authentication remains widely used among the financial industry and consumer-oriented websites, according to research released by Javelin Strategy & Research.
ALBANY, N.Y.—The Credit Union Association of New York is now officially the New York Credit Union Association.
RALEIGH, N.C. – North Carolina State Employees’ Credit Union reported it has completed its internal 2014 financial stress testing using Federal Reserve-based protocols and economic scenarios, with positive results in all scenarios.
GRAND RAPIDS, Mich.—Randy Karnes, CEO of the CUSO CU*Answers, has launched a blog called “Tell Me Why I’m Wrong.” In it Karnes shares his opinions on matters related to the credit union industry and encourages readers to respond with their own thoughts on the topic, or to tell Karnes why they disagree.
WICHITA, Kan./ST. LOUIS--The Kansas Credit Union Association and the Missouri Credit Union Association have announced plans to merge.
WASHINGTON—The Consumer Financial Protection Bureau has taken action against two student “debt relief” scams that it said illegally tricked borrowers into paying upfront fees for federal loan benefits.
AUSTIN, Texas—Recommendations made by the Texas Sunset Commission could have some serious implications for the Texas Credit Union Department, should those recommendations ever be implemented.
WILKES-BARRE — The federal investigation into thousands of gallons of fuel missing from this city’s pumps has expanded to include Wilkes-Barre City Employees FCU—already the focus of a separate fraud investigation—according to a city councilman here.
CHICAGO—Underserved consumers paid $103 billion in fees and interest during 2013 on $1.3 trillion in total financial activity, according to a new analysis from the Center for Financial Services Innovation (CFSI).