ATLANTA–In the wake of its giant data breach, Equifax reported it has incurred $87.5 million in related costs to date and it continues of face more than 200 lawsuits, including from credit unions.
THE news
BRIARWOOD, N.Y.—Massive losses from bad taxi medallion loans have wiped out the net worth of Melrose Credit Union, reports one analyst.
MADISON, Wis. – A grant from the National Credit Union Foundation helped BECU to host financial reality fairs leveraging the Bite of Reality App and reach more than 7,000 high school students in one day.
LAS VEGAS – Credit unions are being offered some “Naked and Afraid” lessons.
SPRINGFIELD, Ill.—In what may be an indication that a number of states may move to help consumers address the recent Equifax data breach, Illinois lawmakers are working to end the $10 fee for freezing consumer credit data.
AUSTIN, Texas–CUToday.info asked, and America’s credit union community (really) responded. So save the dates: September 9-11, 2018, when CUToday.info will be hosting its first-ever CU Tomorrow Conference in Austin, Texas.
MANILA, Philippines–A new payments service has debuted in the Philippines that allows the underserved, many without bank accounts, to make cashless POS payments.
SOTTTSDALE, Ariz.–Zelle, the P2P response by big financial institutions–including credit unions–to the competitive threat from Venmo, has introduced its first marketing effort.
PURCHASE, N.Y.—Mastercard and Major League Baseball for the first time ever delivered fans a special Stand Up To Cancer (SU2C) message through augmented reality, right to their stadium seats at Game Four of the World Series.
PHILADELPHIA—A recent study by the Federal Reserve Bank of Philadelphia found that credit unions are growing faster than small banks and have gained market share relative to small banks.