State Regulators Have New Way to Monitor Consumer Complaints 10/07/2020 08:51 pm WASHINGTON—State financial regulators now have the ability to input, manage and address customer complaints electronically within the State Examination System (SES) technology platform, the Conference of State Bank Supervisors (CSBS) said.
Card Losses Rise in Europe, Led by United Kingdom 10/07/2020 09:01 pm LONDON–Credit unions with members who travel (or hope to travel) in Europe should note card fraud losses across the continent have continued to rise, with nearly half of all losses coming in the United Kingdom.
Survey of Bank Execs Finds New Concern at Top of List 10/07/2020 08:35 pm WASHINGTON—Concerns over business conditions surpassed funding as the greatest challenge for community banks as they navigated the impact of the coronavirus pandemic, according to the Conference of State Bank Supervisors’ (CSBS) seventh annual national survey.
CO-OP, Filene Study Suggests ‘Vast Opportunity’ For CUs in Market 10/14/2020 08:04 pm RANCHO CUCAMONGA, Calif. – Consumers show a preference for having a single financial services provider, while those feeling the stress of “financial fragility” are most likely to move to a new provider, two findings that suggest credit unions are strongly positioned in the current marketplace, according to a new survey.
FinCEN Issues Advisory On Growing Unemployment Insurance Fraud and How to Spot It 10/14/2020 07:46 pm WASHINGTON–The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to alert financial institutions to the types of unemployment insurance (UI) fraud that have emerged during the COVID-19 pandemic.
NAFCU Joins With Other Groups in Letter Raising Concerns Over Special-Purpose Payments Charter for Non-Banks 10/14/2020 07:45 pm WASHINGTON—In a letter to Congress, NAFCU has joined with several other financial services industry organizations to outline concerns with the Office of the Comptroller of the Currency's (OCC) newly proposed special purpose payments charter for non-bank and to oppose the OCC’s “effort to grant commercial companies like Amazon and Facebook a national payments charter to access the Federal Reserve payments system and safety net.”
More Than 2,000 CU Reps Volunteer Their Time on ‘CU Kind Day’ in Illinois 10/14/2020 07:46 pm NAPERVILLE, Ill.–Credit unions across Illinois participated in the second annual “CU Kind Day” on Monday.
Northwest FCU Foundation Conducts Food for Kids Drive 10/14/2020 08:04 pm HERNDON, Va.–The Northwest FCU Foundation, the charitable arm of Northwest FCU, recently concluded its Food for Kids Drive, collecting 32,000+ food items for local children in need.
NCUA Board to Meet Today; Here’s What’s On Agenda 10/14/2020 07:46 pm ALEXANDRIA, Va.—The NCUA board today is scheduled to meet with plans to issue a final rule on corporate credit unions, as well as a proposed rule related to derivatives.
