Key Takeaways from CEO Forum: Address Leadership, Why CUs Should Work With Local Mental Health Professionals 08/21/2019 07:56 pm DANA POINT, Calif.–Attendees at Raddon’s invitation-only CEO Forum here left with a number of key takeaways around what’s needed for strong leadership, what the economy likely holds, and why CUs should consider working with local health professionals when it comes to education around debt.
September Brings Deadline for Comment on CECL, ‘Second Chance’ Proposal 09/02/2019 04:13 pm WASHINGTON—Comments on a proposed delay of the current expected credit loss (CECL) standard and NCUA’s “Second Chance” proposal are among the items with comments due in the September.
What to Know About Evolving Payday Lending Rule 08/21/2019 07:56 pm ARLINGTON, Va.—For credit unions seeking to provide loans under the Consumer Financial Protection Bureau’s payday lending rule, yesterday, Aug. 19, would have been the compliance deadline for many of the requirements.
Consumers Like Idea of Card APR Cap, But Support Drops Under Other Conditions 09/02/2019 04:13 pm WASHINGTON—Sen. Bernie Sanders (D-VT) has seen strong interest in a proposed credit card rate cap of 15%, but support declines when consumers learn of other potential fallout from the plan. Sanders has previously supported such caps, but his most recent proposals are getting new attention as he remains among the leaders for the Democratic nomination for president.
Arrest Shows How Senior-Level Execs Can Be Targeted, Victimized in BEC Scams 08/21/2019 07:56 pm WASHINGTON–An arrest in a business email compromise (BEC) scam that targeted and successfully duped one company’s CFO is an example of the kind of threats security experts have been warning credit unions and other financial institutions about.
CUs Close Branches Along Florida's East Coast as Hurricane Looms 09/02/2019 09:50 pm JACKSONVILLE, Fla.–Credit unions along Florida’s east coast, from West Palm Beach to Jacksonville, have announced branch closings as Hurricane Dorian continues to threaten the coast
Average Lease Payments Top $500; Appeal of Crossovers Declines, Report Finds 08/21/2019 07:56 pm CINCINNATI—Consumers are willing to pay more for a leased auto today, while the strong interest in crossover vehicles in finally slipping.
American Troops, At Least 1 CU Hit By Hackers, According to Report 08/21/2019 07:59 pm SEOUL, South Korea — American troops and at least one credit union may have been among the victims of hackers who stole information from more than one-million U.S. and South Korean credit cards and listed it for sale on the dark web over the past three months, according to the U.S. military.
Addition Financial Has Additional FOM 09/03/2019 10:33 am LAKE MARY, Fla. – Addition Financial Credit Union has announced an addition to its field of membership, saying it is now expanding in Brevard County, Fla.
Pods, Cash Bars & Teller Lines: The Battle of Banking Options 08/21/2019 08:00 pm In today’s modern banking world, designs and technology change rapidly, along with the growing needs of consumers.
