An ex-president/CEO and a former financial services officer were banned from participating in the affairs of any federal insured financial institution, the NCUA said Tuesday. Tobisha Bullock, who worked as…
A credit union employee picks up the phone. On the other end is the voice of the CEO requesting that money be transferred to a new vendor he says the…
As we get ready to turn the page on 2019, there is plenty to think about. Not only is 2020 an election year, but the economy is sending mixed signals,…
2019 has almost come to an end and we can safely say that this was a remarkable year for blockchain technology. A lot of things, some unexpected, happened. But now…
Are you in the mood for some New Year’s resolutions that are both achievable and require zero hours in the gym? Well, here’s a handful of ‘em that can help…
The expansion of digital offerings and the growing expectations of consumers who use them puts unprecedented pressure on credit unions to keep up with competition or risk irrelevancy. It’s great…
Good morning! This is the last day that someone will say good morning to you until 2020. Don’t worry, that’s not far off. As we finish up our year, we…
As 2019 comes to an end, NAFCU's bold advocacy strategy – informed by direct member feedback – achieved a number of wins for the industry throughout the year. These wins…
The most obvious reason a member—or non-member, if your credit union sells insurance through a credit union service organization—might go to a CU for insurance rather than an insurance company…
While members are set to vote on 12 proposed credit union mergers in January and February, four credit unions announced this month their members have given the green light for…
Over the long run, the cannabis industry has the makings of being a big-money business. Worldwide legal marijuana sales have more than tripled between 2014 and 2018 to almost $11…
On Wednesday, the California Consumer Privacy Act (CCPA) goes into effect. Cal. Civ. Code §1798.198. Even though the law will go into effect and its legal requirements will be in…
Banks and credit unions begin collecting personal financial data from the time they first sign up consumers. From there the accumulation builds exponentially, creating a mountain of data that fintechs…
Last week, convenience store chain Wawa announced that more than 850 of its stores had been impacted by malware that exposed customers' debit and credit card information since March. It…
Most credit unions have heard about ransomware attacks, but few have experienced them, says Ray Murphy, chief information security officer at LEO Cyber Security, Dallas. “The criminals are now exploiting…
For the first time, the number of ACH debit transfers has exceeded the number of check payments, according to a new Federal Reserve study. The data, released this month, showed…
2020 has arrived and with it, fittingly, plenty of predictions and forecasts for “seeing” what’s ahead. CUToday.info has assembled abridged versions of previous reporting on what might be expected across…
As we enter a new year (and a new decade), now is the perfect time to reflect on where you're at in your career. Where do you want to be…
The Rochdale Society of Equitable Pioneers. The Shore Porters Society. Fenwick Weavers’ Society. These and other 19th-century proto-cooperatives were the forerunners of today’s credit union (CU) community. Early innovators managed…
Happy post-Christmas Friday to the ten of us who are back to work and reviewing RESPA kickback rules together. The compliance team often receives questions from credit unions about how…
Helping members become more financially secure is one of the most rewarding things that credit unions do. As we continue our look at the best from 2019, today we’ll take…
The Federal Reserve Board announced a new initiative – a series of fintech innovation office hours – to hear from financial institutions and financial technology companies on issues involving fintech.…
Suspicious activity report writing and filing is arguably one of the most important responsibilities of financial crimes professionals. In 2018, FinCEN Director Kenneth A. Blanco testified that Bank Secrecy Act…
While social media opens many doors, it can also raise serious compliance hurdles. In this episode of the CUNA News Podcast, Kristen Tatlock, senior compliance manager for Credit Union Service…