WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) have launched a Spanish-language version of Money Smart for Older Adults.
Fresh Today
ALEXANDRIA, Va.—Before year-end credit unions can expect to see significant structural changes in NCUA’s risk-based capital proposal, including possibly removing portions related to interest rate risk and including that in a separate proposal. NCUA Chairman Debbie Matz talks to CUToday.info about the road the agency has traveled to get to the new proposal, risk-weights, the 10.5% threshold for being well-capitalized, examiner authority to set minimum capital requirements, what might lie ahead, and more.
ALEXANDRIA, Va.—The number of credit unions filing late 5300 Call Reports continues to drop, with 56 receiving letters from NCUA outlining civil money penalties for missing the Q2 report deadline.
MADISON, Wis. – CUNA Mutual Group will host its fifth annual, day-long Discovery Conference next Wednesday, Oct. 15, in what it is describing as the “equivalent of a face-to-face conference without the expense – it’s free.”
BUFFALO, N.Y.—Another credit union is considering filing a lawsuit against Home Depot related to the data breach at the giant home supply chain.
BUFFALO, N.Y.—Police believe information obtained in one of the national retail store data breaches was used by two men here to obtain cash from a local store using a “cloned” ESL FCU debit card.
LAKE FOREST, Ill.—Walmart’s entry into checking signals a new competitive period for the service, but credit union have some competitive advantages over the retailing giant, according to one analyst.
WASHINGTON—Credit unions continue to offer significantly better deals on checking accounts, according to a new WalletHub study that shows CUs charge 70% less in fees than national banks and pay rates that are nearly 10-times higher than regional banks.
SCOTTSDALE, Ariz.—Butch Leonardson, well-known to many in credit unions as the SVP/CIO at BECU in Seattle, is joining Cornerstone Advisors to head up its I.T. Leadership team.
WICHITA, Kan.—Credit Union America is co-sponsoring a self-defense course for female Realtors following a murder in Arkansas of a Realtor.