Banks Are Reporting More Sophisticated Cyber-Attacks, According to FDIC 03/28/2022 07:46 pm WASHINGTON—Since the start of the pandemic, banks have reported more sophisticated cyber-attacks, according to Lisa Arquette, associate director of the FDIC’s anti-money laundering and cyber fraud division.
COVID-19 Has Driven Changes in Remittance Habits, Analysis Finds 03/28/2022 07:46 pm LONDON—People sending money from the United States, the United Kingdom and Canada have continued to adjust their remittance habits due to the COVID-19 pandemic, a new study finds.
No Fooling: Change from CAMEL to CAMELS Goes into Effect April 1 03/28/2022 07:46 pm WASHINGTON—Changes to NCUA’s rating system—to CAMELS from CAMEL—start April 1.
OCC Issues Final Rule on SAR Regulation 03/28/2022 07:46 pm WASHINGTON—The Office of the Comptroller of the Currency (OCC) has issued a final rule amending the OCC’s suspicious activity report (SAR) regulations.
LGE Community Opens New Branch 03/28/2022 03:04 pm WOODSTOCK, Ga.–LGE Community Credit Union has opened its new Towne Lake branch, located at 936 Towne Lake Pkwy in Woodstock
With 1 CU Exec’s Family Trapped in Ukraine, Oregon CUs Raise Funds 03/28/2022 08:04 pm TIGARD, Ore.–As Russian troops attack the city, the in-laws of one credit union CIO here are trapped in Kyiv, while more than a dozen Oregon credit unions have raised $67,000 to date to help people in the country.
CO Bill That Would Allow CUs to Accept Public Deposits Is Defeated 03/28/2022 07:54 pm DENVER–Colorado’s credit unions have lost a battle in the state legislature and will not be permitted to accept deposits from local governments.
The Smarter Way to Drive Loan Increases 03/29/2022 08:29 am NEW YORK—Smarter AI-powered decisions and automation have become critical elements in loan decisioning today, especially as traditional credit scores wane in importance, says one expert.
