CHICAGO–Alliant CU, which announced last week it was victimized by a large identity theft attack, now says it believes the crooks were focused on stealing money from financial institutions and not the people whose identity they used.
THE news
WASHINGTON—The U.S. Court of Appeals for the District of Columbia Circuit has upheld a lower court decision to deny the CFPB's attempt to subpoena information from the Accrediting Council for Independent Colleges and Schools, an organization that accredits for-profit colleges.
WASHINGTON–Today’s young adults are taking longer to experience common milestones, such as careers, marriage and setting up households, than did prior generations, according to a new Census Bureau report.
MCLEAN, Va.–Renters are feeling better about their financial situations and expecting to stay put even if rents increase, while fewer are also expressing plans to work toward buying a home within the next few years.
ALEXANDRIA, Va.—The NCUA board Thursday reviewed the performance of the Share Insurance Fund and Temporary Corporate Credit Union Stabilization Fund, and in doing so addressed the possibility of closing the TCCUSF this year, merging it into the NCUSIF.
WASHINGTON—Congress has until April 28 to pass a bill authorizing continued federal government spending to avoid a government-wide shutdown. The government is currently running on a continuing resolution that passed Congress in December.
NEW YORK--Approximately three-in-10 credit cardholders (31%) have never redeemed credit card rewards, according to a new Bankrate.com report. The survey found that cardholders typically gravitate to one extreme or the other, redeeming their rewards points/miles frequently (38% did so within the past six months) or not at all.
CARLISLE, Penn.–The Committee for Cornerstone FCU Independence, a group of CFCU members that opposes CFCU’s bid to merge, is now asking NCUA to take a more rigorous approach to merger requests, and to take a harder look at its preliminary approval of a merger between Cornerstone and Belco Community Credit Union in Harrisburg, Penn.
BURNSVILLE – Firefly Credit Union has released its 2016 Membership Value Report in which it said it delivered collective member value of nearly $18 million last year. The report, which was mailed out to qualifying members, details the estimated value they received during 2016 from the accounts they currently hold at Firefly Credit Union.
FORT WORTH, Texas–For the economy to grow continued immigration is going to be critical, according to one Fed president, who also shared with credit unions views on other threats to economy and his own forecast for what lies ahead.