WASHINGTON—Some 23 federal agencies were found to have come up short in their cybersecurity efforts even as attacks on their IT infrastructures continue to grow and concerns about foreign interference in the upcoming 2020 elections persist, according to a Government Accountability Office report.
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NEW YORK—Eleven New York lawmakers are calling for tougher oversight of New York City taxi medallion lending.
EL PASO, Texas–Following the tragic mass shooting here, FirstLight FCU is offering to match donations to the El Paso Shooting Victims’ Relief Fund up to $20,000.
WASHINGTON–Alleging credit unions are showing “troubling parallels” to the 1980s savings & loan crisis, state bankers associations in 50 states plus Puerto Rico have sent a joint letter to the Ways & Means committees of both the House and Senate demanding renewed oversight over credit unions, including hearings on whether the “tax- exempt credit union industry lives up to the ideals of its founding.”
SALT LAKE CITY– Japanese e-commerce giant Rakuten has filed an application for an industrial loan company charter in Utah. The company operates numerous businesses, including the U.S. rewards brand Ebates.
WASHINGTON–Alleging credit unions are showing “troubling parallels” to the 1980s savings & loan crisis, state bankers associations in 50 states plus Puerto Rico have sent a joint letter to the Ways & Means committees of both the House and Senate demanding renewed oversight over credit unions, including hearings on whether the “tax- exempt credit union industry lives up to the ideals of its founding.”
PARADISE ISLAND, Bahamas–More than 2,000 people representing credit unions from more than 60 countries around the world helped the World Council of Credit Unions kick off its World Credit Union Conference here.
MADISON, Wis. – CMFG Ventures, the venture capital arm of CUNA Mutual Group, and the Filene Research Institute said they have launched the FinTech Catalyst Incubator to test new fintech products and services at credit unions.
WASHINGTON–A credit union executive here told the Senate Banking Committee it’s time for Congress to pass the SAFE Act, as the current situation related to banking cannabis businesses is a growing safety and risk concern.
RIDGECREST, Calif.– In the two weeks since two large earthquakes hit this region of California, area credit unions are reporting their employees have joined with other organizations in providing food, supplies and other support.